GREY:BXEFF - Post by User
Comment by
Don2018on Apr 01, 2019 1:49pm
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Post# 29564862
RE:RE:OK, here is my post from InvVilage, on why this is good news
RE:RE:OK, here is my post from InvVilage, on why this is good newsDave4444 wrote:
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.
My vote for most idiotic post of the year.
And the fool actually went out and bought BXE on Friday even as people were telling him he was posting nonsense. I wonder how much that clown lost on that dummy trade?