It's a tough one.
The debt is 'gone' - so the burden of repayments is lifted.
However should the big two convert in full - thats 230,000,000 new shares - a massive dilution.
Then there is the price factor.
Conversion is at 8.75 c so you would think that if we hit 12 - 15c range, the option to convert and sell becomes a factor
An easy double your money.
The other side is if the SP hits say 20c and shows every sign of going up - the big 2 AXA and Axia decide to hold - well, they own 38.6 of DOC - so a hostile takeover is a genuine scenario.
The longstop is Dec 31st 2027 but in that period they only need give 60 days notice to convert.
So no debt (no interest is even better) but downside is massive dilution and a real risk of a hostile scenario just when things are getting good.
In other words - lowers the risk ,but absolutely caps the upside.
IMHO DYOR
I'd welcome thoughts @rustys33
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