OTCQX:PALAF - Post by User
Comment by
bestioleon Jan 11, 2017 11:08am
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Post# 25693853
RE:proactiveinvestors
RE:proactiveinvestors "The deal creates value for shareholders because despite having to take some dilution from the new shares issues to bondholders, it looks to eliminate any debt risk for the foreseeable future."
I see 80% dilution.
Why not just propose rights issue to share holder for the amount $US212 million debt repayment!
$US212 million/ 1,71 G shares = 0,124 $US
So give 3 rights to buy a new share for 0,045 $US for each owned share.