I agree if you look at the projected earning of NUF and the amount they’ve received from the sale, the company should have no net debt and cash on it’s balance sheet within a very short period of time.
So I think it’s likey they will look at redeeming the notes at some point, and even if they don’t the notes should start to trade much closer to their face value given the risk of default has now been greatly reduced.
NUF Price at posting:
$5.13 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)