RE: Updates pending27 Sep 2023 12:01
Bond holders are making money, even down at these levels ... yes they lose on the conversion but they make money because of the interest payment in shares based on VWAP.
They would make a lot more money if the SP was a lot higher, but the minor holders aren't interested in waiting around they are happy making 20-30% now.
Fortunately there are very few minor holders left now