Quote Originally Posted by Fred114 View Post
KCFHA has another chance to repay funds in two years, 2022. That would be a better outcome. How would a conversion to shares work for KCFHA if they don't repay?
An interesting question. Is there a formula specified in the original offer document? Otherwise, I presume that they would get an accounting firm to dream up a value and conversion formula.
Alternatively, repayment would avoid a lot of problems!