towie : help please on nlxg, page-2

Hi As I understand it The NLXGs are convertable 1 for 1 into a Nylex share at conversion date If the Nylex share price is lower than the redemption price then they are paid out at $1-84 plus any acrued interest . They are next in line as a security after the banks and before creditors and normal shareholders . I have read the conditions regarding the convertable Notes but they are written in a bit of legal jargon This is my interpretation and I hold a lot more of them compared to the shares There is a big premium in them compared to the share price A Phone call to the companies secretary would clear up any questions that you may have ( If they understand it ) I hope this helps and can see blue sky ahead for the stock Cheers Do you own