Chemtrade Logistics Income 6 50 Convertible Unsecured Subordinated Debentures T.CHE.DB.E

RE:Short term pain coming

[SurfacePro7]

This is a classic banking playbook. 

1. Banks provide credit facility to company
2. Banks work with company to support the stock
3. Engage all the banks you owe money to underwrite a new equity issue
4. Pay banks an underwriting fee of 5%, and use the proceeds to pay the banks back
5. Punt the new equity over to retail buyers who get lured by the yield and promise of better days ahead

Very clear short term winner here, but optimistically hoping the recovery and underlying fundamentals are strong and everyone wins in the long-term!