We acknowledge this convertible debt instrument is potentially diluted to our existing shareholders. But convertible debt instruments such as the one we issued rarely convert before maturity and even then, we have the option to sales in cash like traditional debt. Brent will provide more details on this transaction in his remarks.Internationally, we remain very busy, in Mexico, we have a nice pipeline project to complete and we have about five projects on our radar screen to bid, about half of which could commence this year.
Cal Dive's CEO Discusses Q2 2012 Results - Earnings Call Transcript
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