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Microcap & Penny Stocks : Pivot Technology Solutions, Inc -- Ignore unavailable to you. Want to Upgrade?

To: Boolish who wrote (176)	12/11/2013 11:28:14 PM
From: Cogito Ergo Sum	Read Replies (1) \| Respond to of 497

In the event of a default at maturity (as defined in the indenture relating to the notes), noteholders will have the right to seek the repayment of up to 20.5 per cent of the original issue amount of the notes with the balance (or, at the option of each noteholder, 100 per cent of their then-outstanding unpaid notes) to be satisfied by exchanging unpaid notes for common shares. aren't they talking about the convertible here ? Not a worry really ... just that if they default on the note(s) well... what would shares be worth ? Connacher didn't default during the crash :O) Those debs were a sweet score... they got so cheap.. but that's a totally different story. like I said... I am in and bunting away :O)