"Besides the advantage to the Company of being debt free, repayment of the convertible securities also removes the uncertainty around the amount of future dilution of shares that may have been generated by these instruments"
It is very difficult to believe that there are holders who buy into this guff!
The advantage to being debt free - seriously? Question is why did they take in the CN's in the first place?
In my opinion they took on the CN's to keep the bank balance up so that CGB can keep paying their related party transactions.
Remove dilution - what??
They sell off another 750 million shares and promote it as a positive - staggering.
And now they have in excess of 5 billion SOI - and they chatter about "dilution"!
Ann: $3.75M Raised in Share Placement, page-223
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