GREY:LRTNF - Post by User
Comment by
UptickHedgeon Dec 21, 2022 11:17pm
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Post# 35186311
RE:RE:Spring Board rebound target .07 cents LOADING UP
RE:RE:Spring Board rebound target .07 cents LOADING UP Anglo not owed anything that's been stated. However, the first approx 180 mil is going to secured and unsecured creditors. I tried to seek clarity into the original pump and we got more pump. All good to pump, but please explain how you circumvent the debt holder's priority to the first 180 mil in any potential deal. This is CCAA. A debt plan needs to be actioned. I suppose the theory is a JV or to sell a stake or that there's an arbitrage to capture when it comes to the company and if/when it would be recapitalized at a valuation greater than the current .015 and assuming that would be done while maintaining the current equity structure.... but literally this is against all odds. And Mark O hasn't been hitting triples lately.