I make no claims about knowing anything - see disclaimer below.
The coupons (interest) on the C.Notes will come out of the NMG's bank account. It would be nice if the coupon payments came from cash flow (classed as an expense) but they could equally come from more capital raising. Shylock always wants his pound of flesh.
C.Notes are just another type of debt.
share or cn, page-11
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Last
$1.13 |
Change
0.015(1.35%) |
Mkt cap ! $340.5M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 1 | 4996 | $1.13 |
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| Price($) | Vol. | No. |
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| $1.14 | 12340 | 3 |
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