Seems like this is exactly what has happened: T
Post# of 9903
Posted On: 12/13/2014 12:57:12 PM
Seems like this is exactly what has happened:
The best way to handle this is for SRGE to buy up all shares in the open market and allow Novamex to exercise its option to re-convert debt to equity, hence extinguishing all debt owed to Novamex. This conversion is totally possible because past transactions involving Novamex were effected at 0.00625 per share, hence if SRGE bought up all shares at 0.00625 or less like 0.001 or 0.0005, a same or better condition swap can occur.
The best way to handle this is for SRGE to buy up all shares in the open market and allow Novamex to exercise its option to re-convert debt to equity, hence extinguishing all debt owed to Novamex. This conversion is totally possible because past transactions involving Novamex were effected at 0.00625 per share, hence if SRGE bought up all shares at 0.00625 or less like 0.001 or 0.0005, a same or better condition swap can occur.
(0)
(0)Southridge Enterprises Inc. (SRGE) Stock Research Links
Scroll down for more posts ▼