$PNOW The most important thing however, is to unde
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Essentially, for every $1.00 of debt repurchased, at least 20,000 shares of possible dilution is eliminated
These 20,000 new shares have a total value of between $4.00 and $12.00
In other words, a simple conversion of $1.00 of debt, which results in as much as $12 in stock, has now been completely eliminated
For every $1.00 of debt repurchased, the number of shares required to be properly “Authorized”, so that the Company can remain compliant with its contractual obligations, is substantially reduced by as much as 80,000 shares
This means that the Authorized Share requirement, before the debt repurchase program, could have actually reflected nearly 800,000 shares… just to cover $10.00 worth of legacy debt, if we didn’t repurchase and eliminate that debt. #Travel
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