GREY:ALEAF - Post by User
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ANTAGONlSTon Jan 09, 2022 6:16pm
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Post# 34298424
RE:RE:RE:RE:RE:RE:RE:22 days until default on debentures
RE:RE:RE:RE:RE:RE:RE:22 days until default on debentures Aleafia shareholders have no reason for concern. Imo, the board is making the right call for shareholders. After several missed payments (usually three to six), you are at risk of defaulting on the loan. Doing so terminates the loan agreement, and the lender looks to other avenues to recoup their losses. Ultimately, it’s in the lender’s best interest that you’re able to repay, so the first port of call will usually be adjusting the terms of your loan. By offering lower payments over a longer period, the lender gives you a bit of financial leeway and increases the likelihood of future repayments.