...I wonder how much of the company is owned by the banks as a consequence of interest conversions. Probably a lot. 20%? Certainly significant shareholders now as any rate. The problem is obviously they'll be keen to see a return of capital. As for the converted interest they earned that at 2c so they'd probably break even selling their stock on market.
Man.... Our board really did a woeful job at protecting shareholder interests. Such a waste of potential.
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