Peanut Convertible Debentures Big Board (as at May 3, 2019)

The old French Riviera, in technicolor. Villefranche-sur-Mer, France. Copyright © 2008 Felix Choo / dingobear photography.  Photo may not be reproduced without permission. 

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Hi again. This is the 11th update of the Peanut Convertible Debentures Big Board, which is current to May 3, 2019.  For previous versions of the Peanut Big Board, please click here. For those of you looking for an update of the Peanut Convertible Debenture Power Rankings, we are currently looking to update those next weekend; thank you for your patience.

Important disclaimers: Like everything else on this website, content here is provided as information and opinions only and not intended to be a provision of investment advice or a recommendation of any investment action in any form. There is no guarantee, warranty, representation, or other assurance whatsoever on any of the information and opinions provided.  Information and opinions reflect our views as of the date provided, but may change without notice.  Investments made in convertible debentures are exposed to the risk of financial losses, and as with all disseminated information concerning investments, it is highly recommended that an individual consult with a qualified investment professional before making any investment decisions.



A Few Words about the Peanut Convertible Debentures Big Board

For those of you new around here, the Peanut Convertible Debentures Big Board is our attempt at providing a larger list of convertible debentures.  The Peanut Big Board contains some of the same information you'll find in our popular Peanut Convertible Debentures Power Rankings, and this version, like last week's, covers 55 different convertible debenture issues.     

Note the Peanut Big Board is not a complete list of all Canadian convertible debentures, nor is it a replacement for the Peanut Power Rankings, which is more detailed and provides notes and a quantitative estimate of the relative value of the convertible debenture issues that are covered over there. We know that the Peanut Big Board isn't a perfect solution to those of you looking for a carbon copy of the list that used to reside on the pages of the Financial Post, but hopefully you will find utility in its publication here nevertheless.

*** CORRECTION NOTICE. It's been brought to our attention that in our previous versions of the Peanut Big Board, we had incorrectly characterized a couple of the features of the Mogo Finance 6-June-2020 10.0% Convertible Debentures (ticker: MOGO.DB).  First, in a footnote, we had mentioned that the conversion price of MOGO.DB dropped to $4.25 per share after June 6, 2019.  This is not the case.  We misunderstood the prospectus; in fact, the $4.25 conversion price was applicable only in the case of MOGO.DB being soft called within one year of the issue's closing.  This brings us to our second error.  MOGO.DB does, indeed, have a soft call provision (we previously indicated it didn't).  The issuer has the option of soft calling and forcing conversion of MOGO.DB provided that the 20-day volume weighted-average price of MOGO stock exceeds 115% of the conversion price, which, based on the currently applicable conversion price of $5.00, means $5.75 for the purposes of a possible soft call. Hopefully our explanation above makes sense.  For more details, read the Mogo Finance press release from May 8, 2017, by clicking here. We regret our previous errors. We're mammals and, as such, sometimes make mistakes like mammals are apt to do from time to time.  But, that said, we always try to own up to our mistakes. So, if you spot any, please do contact us and let us know.  Thank you. ***

Ok, with that out of the way, for the Peanut Convertible Debentures Big Board, please click on the table below to read it larger.  If you still find it too small to read, please download the PNG file, which then can be zoomed to a size that you prefer.  

Given the amount of time, effort, and resources that go into maintaining this blog and some of the other key features such as the Peanut Power Rankings and the Peanut Convertible Debentures Index™, at this point it's difficult to commit to a regular schedule in updating the Peanut Big Board.  Since we've introduced it, we've updated it approximately weekly except on those weeks in which the Peanut Power Rankings are published.  For now, we will try to update the Peanut Big Board on roughly that timeframe, but this may change without notice.  Hopefully you find this to be fair; check back regularly for new updates. 
 

Drop Us a Line, Drop Us a Dime

Thank you for reading The Canadian Convertible Debentures Project.  As always, if you have any comments, questions, or feedback about convertible debentures and/or this blog, please leave us a comment at the bottom of the page or email us at convertibledebs@gmail.com. Note it may take us a few days to get back to you depending on our schedules. 

In addition, for media, sponsoring, advertising, and/or financial institution inquiries, please email us at convertibledebs@gmail.com.  We appreciate your interest!

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