GREY:CNKEF - Post by User
Comment by
ValueCan1on Jan 13, 2020 2:41am
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Post# 30545226
RE:AIMCO SNAFU
RE:AIMCO SNAFUWell said. In my opinion this stock trades at this ridiculous price only because of the blown covenants. If they did a rights offering with warrants attached they could pay off the debt and shareholders would not be diluted if they exercise on the offering.
I fear the majority owners want it off the books so bad they will accept a poor offer, arbitrage traders will buy up minority shares and vote for the deal. So yes as a shareholder it’s important to contact the committee before it’s too late.