Aleafia Health Inc ALEAF

Debentures…..

[rad10]

Now on offer for 66 cents on the dollar. Very thinly traded.......

Predictable!  Secured note holders are going to pick this company up for cents on the dollar.

[sthinei]

Rad aren't the debenture holders unsecured? The secured debt that they have is the $10 million 12% one year credit facility. As such it is in the debenture holders best interest to work something out with aleaf or push for a sale of the company. They are likely figuring they are not going to get all of their money back hence the discount on the debentures. So what do they do? Either extend

[rad10]

Yes 12% secured credit facility with a warrant thrown in. (Fully tapped out). This was the "tell" to offload the unsecured notes a few weeks ago.  No complaints - made some good coin on these notes.   Now leave it to the Bay St Rollers to do their thing..... which rarely works out for the smaller private investor. Grab the popcorn and watch the fireworks.  

[sthinei]

I agree.  Does not usually work out for those small investors who bought above $1-2 during the hype.  There will be some value in the shares here because debenture holders as well as Raf and Fantino dont want to walk away empty handed.  Best case scenario is share based offer from another depressed Canadian operator that has the "possibility" of capitalizing on coming

[KeyserShoze]

This post has been removed in accordance with Community Policy

[sthinei]

Market is already telling the debenture holders they are not getting all of their money back. Best chance for that to happen is for them to extend terms get a much lower conversion price and push for eventual sale of the company. If the company can get a lot of that debt off books then they may be able to negotiate some more debt financing. Either that or arrange a sale. Now is the best time for