LR -
1) Please tell us the original reason why the bonds were capped at 100 MH/s? We've seen a lot of hand waiving, but no concrete reason.
2) This conversion to capped bonds is not optional. What recourse through LRM do investors have who do not accept capped bonds in exchange for their original proportional bonds?
1: To the extent that we can answer this question without supplying legal advice we have already done so.
2: For those contract holders who wish it, they can select the new contract.