Hybrid holders need to be treated with respect, many of them did...

Hybrid holders need to be treated with respect, many of them did pay $100 , and expected the investment to be low risk yield investment , not no income capital loss

Most holders of the hybrids however did pay much much less ,and any offer should be made that is fair to all parties relevant to the current position of the company

AT 5c and $7 that represents 140 shares for 1 Hybrid

Not enough incentive I suspect to have most hybrid holders accept , I personally would , and wish there was a non compulsory offer made so there was some choice available other than just selling hybrids at $7

I suspect most people would not take anything less than 200 shares for 1 , some even want $50 cash , but if there is no offer and the company just does what the banks want them to do , and trade out of the losses and repay debt and ignore Hybrid holders I suspect the hybrid holders will lose even more money

If the hybrid holders did take say 200 for 1 , then they would have control of the company and choose their own board and make decisions whether to sell assets to return capital to themselves