[redpoint5]

What sets the rate of return on the bond if the stock price criteria is not met, or during the maturation period? It sounds like convertible bond holders would always want to achieve the stock price.

At maturation, must the bonds be converted to cash, or can they carry forward as bonds?

...and this discussion reminds me of how I saved all my meager money as a kid and bought gov't bonds. It amounted to insignificant amounts of money 15 years later; perhaps $800. I did use most of it to pay for college classes.

I remember cashing in the last $200 in bonds to fund a kegger back when I had no money. I'm familiar with the process in which the poor remain poor.

Shortly after that I started working full-time and living in my car for nearly 2 years. I amassed cash very quickly and haven't looked back.