The noteholder can at their discretion convert the debt into shares, they are already receiving shares for the 5% interest payable on the $10m , most likely the $10m is unsecured and they will most likely take shares in the end or they could place CNX in receivership and hope to get some money back.
Ann: CNX Secures Funding & JV Partner for China Gas Business, page-24
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
