My guess is dilution would be closer to 157m. The initial...

My guess is dilution would be closer to 157m. The initial conversion was around 39.xxx US cents. There are plenty of clauses which impact on conversions and there was one i read about a week ago that is unlikely, but may impact.
At the end of the day it's relatively inconsequential.
I prefer certainty and that's why i don't mind the bonds. Without knowing the full terms it's hard to judge if we jump from the pan to the fire.
What i do like about the bonds is the currency. US$.
If they stay in the currency race to the bottom, the US$ will be worth zip! I'd like to convert from 62M zip fiat currency into gold please!
As for the oppies, they still look expensive. There is plenty of value in the heads.
mav