GREY:ARGEF - Post by User
Comment by
TomKCamon Jul 04, 2019 1:44pm
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Post# 29887104
RE:RE:RE:RE:RE:Here is the list of the creditors. Study it!
RE:RE:RE:RE:RE:Here is the list of the creditors. Study it!I got a confirmation that this Computershare debt is the debentures debt. Computershare act as the administrator of this debt.
So, I have to correct one of my previous assumption. If Argex goes bankrupt, and the creditors are paid with the tech, the directors will get way more then the 13% previously calculated. They will get about 55% of it. Roughly 55% : ($0.6M + $2M) / $4.7M.
I think the debentures holders might get all of it. I am not sure of that, but I think that they have a privilege over the others : 'first-ranking movable hypothec'. So if we go bankrupt and the tech value does not cover all the debt, the debentures holder might get all of it.
Tom