The way the notes are constructed is that the conversion price is set in stone @75 euro cents/share equivilant so early conversion will not cause major dilution. There is the concern that they may ask for the money back but more likely an extension to the maturity or conversion to shares will happen. It needs to be recognised that the business relationship extends further than a simple financing arrangment. Board representation and partnership holdings in the Belgium permits are all part of the relationship.
cheers Icharus
EPG Price at posting:
16.5¢ Sentiment: LT Buy Disclosure: Held
