GREY:STTYF - Post by User
Comment by
Kewl2on Feb 14, 2012 5:57pm
245 Views
Post# 19534193
RE: RE: pending / royal coal default.
RE: RE: pending / royal coal default. With senior security position via asset securitization (which is what we have) -- I have no doubt SND would get 100% of our money back!!!
However - there is a big distinction between RDA being in a bankruptcy position and having unhappy shareholders due to the dilution that will occur as a result of their recently announced prospectus to raise additional capital!!
I would be surprised if SND management has any concern at the moment regarding our agreements with RDA......