OTCPK:ARNBF - Post by User
Post by
uogradon Jun 28, 2014 10:09am
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Post# 22702876
Very intriguing news release
Very intriguing news releaseTechncially the debenture holders are right. They should get 100% on the dollar and common shareholders get paid after that. However, I am sure the management here thought that considering the debentures were trading at .60 that moving them up to. 82 would make those holders fat, dumb and happy.
well they guessed wrong. This deal has essentially now fallen apart which explains why the share price was going so low this morning. I knew something was up but did not think it was this.
The debenture holders are saying the common stock is worth zero or close to zero. the terms of the deal indicate this is probably correct
Could be a real free for all on Monday morning.