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Arcan Resources Ltd ARNBF

Energy Oil & Gas E&P


OTCPK:ARNBF - Post by User

Arcan Resources Ltd > teevee, debenture redemption
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Comment by rad10on Jul 26, 2014 12:36pm
193 Views
Post# 22784540

RE:RE:RE:RE:RE:RE:teevee, debenture redemption

RE:RE:RE:RE:RE:RE:teevee, debenture redemptionguys - there are other options at maturity.  With a 2/3 majority vote the debenture terms can be amended.

Typically an increase in the interest rate, a consent fee, and / or a reduction in the conversion price are offered in exchange for lengthening the term of the loan.

Bondholders will often accept a combination of the above - because the alternative is worthless diluted penny stock.  28th of February 2016 - is not the doomsday scenario that seems to cause so much concern.
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