GREY:BXEFF - Post by User
Post by
Conquistador1on Apr 16, 2019 6:34pm
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Post# 29636154
DEBENTURES etc.
DEBENTURES etc.The debs should be trading closer to $800. If you assume that they will be converted into about 2800 shares. The fact that they are stuck below $550 indicates that there isn't much confidence that the stock will appreciate, while the plan of arrangement is ongoing.
I don't know what Schacter was thinking, when he recommended BXE. Was he misled by management? Was he seduced by the high net asset value? I didn't bite, but he probably has a following that can't be happy, if they took his advice.