Q: Hello, 5i Team,
This is a question from a neophyte investor.
In a recent press release BUS announced the acceleration of A & B Convertible Debentures. To quote: "The Debentures will result in the issuance of up to 2,235,294 Common Shares at an issue price of $0.68 per share."
Can you tell me a) why a Company might accelerate the issuance of debentures and, b) just as importantly, how such an issuance, at that price, would impact upon current shareholders and the value of their shares.
Thank you
This is a question from a neophyte investor.
In a recent press release BUS announced the acceleration of A & B Convertible Debentures. To quote: "The Debentures will result in the issuance of up to 2,235,294 Common Shares at an issue price of $0.68 per share."
Can you tell me a) why a Company might accelerate the issuance of debentures and, b) just as importantly, how such an issuance, at that price, would impact upon current shareholders and the value of their shares.
Thank you