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My apologizes on the above, needed also to add Reuters source stating "debt for equity" swap is also being considered. Where creditors are issued shares of stock in exchange for reduce debt.So if Reuters source is correct, looks like Pernix has two solid choices to present to creditors to save the company.
My apologizes on the above, needed also to add Reuters source stating "debt for equity" swap is also being considered. Where creditors are issued shares of stock in exchange for reduce debt.
So if Reuters source is correct, looks like Pernix has two solid choices to present to creditors to save the company.
