GREY:RVVQF - Post by User
Comment by
vision2050on Jan 23, 2020 7:57pm
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Post# 30591606
RE:RE:RE:RE:RE:Debentures
RE:RE:RE:RE:RE:Debentures Thanks for the clarification. After more reading I agree with you.
I was under the assumption that the debt was unsecured and the only remedy the debenture holder had for non-payment was conversion at the $1.45.
Further reading shows that in most cases the debenture holder can still attempt to collect the debt through the courts. This depends on the wording of the actual agreement signed, but one would assume MCAP would not have agreed to terms that limited their ability to collect- I may think they are scuzzy, but they probably aren't skuzzy and dumb.