GREY:BXEFF - Post by User
Comment by
Dave4444on Mar 29, 2019 1:39pm
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Post# 29555368
RE:OK, here is my post from InvVilage, on why this is good news
RE:OK, here is my post from InvVilage, on why this is good news
Think of it this way, at yesterdays market cap. they would have had to sell at least 2X the outstanding shares to pay off $100 million of debt. Instead they managed to pay off $100 million of debt by issuing only 1X the outstanding shares.
Essentially the debt holders bought BXE shares for at least $1.00 per share.