In general, debt for equity happens for companies that suffer from cash flow problem with hundreds of millions of debt is due with a short notice. QIN is a completely different case. QIN has about $90 million cash and its debt is not due until 2023. This is more like a T/O, most probably with a much higher premium to the current price.
QIN Price at posting:
29.5¢ Sentiment: Hold Disclosure: Held
