RE:Eff me hardSo the silver notes trade now at 21 according the GCM website. 21 what? CAD? Bananas? Kauri-Shells? Or 21% face value?
In case it is face value, the silver link note holders could buy the shares at 0.13*0.21, that means five times cheaper than the buyer of the stock. I guess the stock will go down when the notes holder flood the market. But I don't think they go down to 0.027 (in this case the whole company would be worth only a few millions, even after the debt is gone)
That would be a good deal, but I can't see any informations about the silver or gold linked notes, none of my brokers has any info about that security. I guess that would be a good deal.