OTCPK:ARNBF - Post by User
Comment by
teeveeon Jun 30, 2014 12:48pm
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Post# 22705789
RE:What about this?
RE:What about this?why? because shareholders CPG and LTS would likely vote against such severe dilution. THEN debenture holders could push for bankruptcy, but if they do that, they would be lucky to get 50 cents on the dollar instead of the $.825 offered now.....as I said before, THE best deal is for everyone to vote in favor. IF CPG and LTS want the assets, they can vote against the deal, and then later vote against conversion of debentures when the first series comes due, pushing the company into bankruptcy. Then CPG and LTS can deal exclusively with the banks as they hold the assets as collateral....capice?