A convertible note which converts to shares/cash in 3 years at a set rate similar to the Timber Corp or Great Southern Plantations ones. The Trees2 and Trees3 convertiables and TIMPB are all notes which float at a fixed price and then after a set time convert to shares at that same fixed price.
e.g. float at $100 on Dec 15 2008 and convert to $100 of shares or cash in Dec 15 2011. In the meantime pay say 9% interest.
I do have a problem with your notes buffet but not mine!
Mate hybrids are not all doom and gloom!
CNP Price at posting:
9.2¢ Sentiment: LT Buy Disclosure: Held
