Rumchuck,
I have checked the prospectus and you are right where it states the face value of each bond is $10K. I also checked that the ist agreement back in 2007/08 in case the bonds were valued differently but no they also had a face value of $10K.
I think you may have picked up a Typo error in the first announcement, that has been copied in the second by simply changing the dates.
It should read 30 bonds for a value of $300,000.
Good pick up.
I also noted in the prospectus section 4.3(b) that
"the Convertible Bonds are interest free"
and this could be the reason that if ACBO/DBZ are selling these shares then they are collecting effectively an interest rate return. Rough cut calculation is 7.5% on avg sell of 8.6 cents. Not bad given rates these days.
Regards JJ
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