"For sure you are right, but on the other hand, there are plenty of investors willing to buy in at this SP - (0,37) instead of signing the debentures for 0,40 CAD and losing the ability to sell if needed."

There have been a number of posts over the last month or so alluding to the .40 CAD conversion price of the debenture, and associating that price with one share of common stock.  Please do not forget that it's .40 CAD for a Unit, and the Unit is a share of common stock plus a warrant.