Brainless, et al, ERICY, While it may be a good time to buy into ERICY, if I were considering it I would want to know what effect the repayment of money owed to Debenture subscribers will have on Ericy? I believe the Debentures come due this May / June and they will expire worthless (unless there is a miracle) which means Ericy will have to pay back the money it borrowed some 6 years ago...
I believe the original loan amount was 6 Billion Krona or about
$690,448,825. These numbers may not be exact due to prior conversions. I am not sure if any of the debentures were converted as I do not believe the stock ever traded above the conversion rate. I am sure there is more info. on Ericsson's web site. The stock neeeds to trade above $4.8 for the Debenture to worthwhile for an owner to convert...
Do your own DD on this one as my math could be wrong...
et
May everyone have a happy and prosperous New Year!
