Is it really 1.9bn pounds or just $1.9bn ? because 1.9bn pounds are $3.0bn (dont know were the other $1.1bn came from ?)

I hope the other 800m investment sony made will turn around the trend sony is having.

Wow. That's just.... grim.  I had no idea. 

Most of that money is being used to repay debts......wow.

Yikes...

More ouch, didn't even know they lended extra just to be able to afford Gakai...

You shouldn't go into debt to buy things, even more so when you allready were in debt before

^^ Anyways, points stands, they're miles into the wood still.

Desperation..

I don't think the selling of bonds is so bad, a lot of companies sell bonds.

The distrubing part is that they are zero coupon convertable bonds rather then just regular bonds.

Zero coupon bonds are bonds that don't offer any interest payments.  Sony switching to Zero Coupon bonds suggests they're worried about paying interest on more bonds.   As such, Zero Coupon bonds go for much less in auctions.

Sony is offseting this by making them converable... So you can turn them into stock if you want at the end of the period.   Convertable stock basically being a "gamble".  Your stock MAY be worth the $100 note it's in, or if Sony's stock rises up... you may get back $120 worth of shares in Sony stock.

To me, it sounds like Sony is afraid to have to pay interest for bonds, but is making their bonds convertable because they are also afraid yields would be too low so that they would have to give away too much money 5 years from now that would break them.

So they are trying to create "Pot Odds" more or less by offering to cut into their own profitability more, if the company turns it around.

Suggesting they are very worried they won't have it turned around in five years.

EDIT: Also, I beleive it's a bad sign they are avoiding the US Market.  As the US Market tends to be more up/down... which again suggests that they think people won't look on these bonds too favorably.   It reminds me a lot of the various Euro countries that went in debt.

With all this change and things going down with Sony it makes you wonder what Stringer was doing.