Quote Originally Posted by getontoit99 View Post
The company has elected to not redeem Notes for cash. Are you suggesting they might change their mind if Noteholders who convert to shares dump them and push the share price way down? Surely this was always a prospect in a situation such as this. Also, there would be howls of "unfair" from Noteholders who chose to hang on to their Notes.
1) It seems to me the company has no cash so the noteholders won't get cash.
2) Noteholders who convert won't be able to dump - to do that requires buyers and there are none. At best there are a couple of current bids at 4.5 / 4.6 for a grand total of approx $11,000


I'm with Enumerate on the Trustees - why do bondholders not have more information upon which to make a decision. It seems we now have an unknown game, with unknown players and unknown rules. It also looks like the coaches are keeping their game plan to themselves - and thats not a winning strategy. As the Pakistanis know, the only winners are the bookmakers.