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OEG convertible debt amendment +3

19:43 16-Feb-21


Orbital Energy Group has filed an 8-K indicating that the terms of the convertible debt it issued back in November have been amended so that the principal is no longer convertible into shares.  I've been expecting something like this, given the price of OEG lately, but I find it curious that there is no associated press release so far.  In any case, this removes the 4M share overhang, though there is still possible execution of shelf filing.  It also remains to be seen what the nation's longer term response to the energy crisis that I wrote about this morning will be.