LNC 0.00% 99.5¢ linc energy ltd

new Ann re Convertable Bonds, page-16

  1. 1,899 Posts.
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    Question does PB own covertiable notes answer how would he have paid for the notes on his salary.? His only other income had been by way of divided which was $20 million 10 cents per share x 200 million shares.
    you may suggest he borrowed to buy ? Why would anyone lend him the money at less than 7% when they could buy the bonds themselves.?
 
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