GREY:AIIFF - Post by User
Post by
2Greyingon Feb 26, 2015 10:37am
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Post# 23467668
Debentures worthless
Debentures worthlessLooks like Brookfield put the screws to the company....had to happen eventually. Existing management is incapable of turning this company around. Debentures are worthless and Shares may follow depending on any potential sale. Normally in these types of circumstances they become worthless without a white knight. If you own shares you can try and get out or use them for wallpaper.
Although this is tough on shareholders it does give the employees some hope...either a sale/breakup/or Brookfield ownership. Expect new management this year.