What debt holders value about debt is downside protection. What they give up is upside.
What equity holders value about equity is upside participation. What they give up is downside protection.
Therefore, when debt holders voluntarily choose to convert from debt to equity, it’s because they value the upside potential of owning the equity more than the downside protection of owning the debt.
It’s a vote of confidence in the company.
Excited to be celebrating the launch of the new Super73 - MZFT. Congrats to the @super73 team on this launch!
To join in on the festivities, I’ll be giving away one Super73 - MZFT to a randomly selected person who reposts this (will select tomorrow).
https://t.co/ZIgyDF6SqI
FEELING GOOD TODAY !!!!
GIVING AWAY 7 DAYS 7 NIGHTS ITALY GET
AWAY FOR 4 PEOPLE . 2 COUPLES OR MOM DAD AND 2KIDS
ILL PICK WINNER IN 2 WEEKS PLEASE RETWEET