The market presentation on 2/11/2016. States that the company may elect to convert some or all of the RCPS.
They would be seriously Mad,Stupid or corrupt if they were to convert any of them since the coal price has risen along with the stock price.
The whole idea of the RCPS was to make certain the funding for the Solid purchase.
The funds are no longer required for the full amount as the purchase price will be less .
RCPS, page-5
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