Comment by
claymore50 on Aug 30, 2022 5:12pm
MPVD will survive as an entity thanks to DD. The question is : How much equity will be left for the other shareholders once the debt restucturing is done?
Comment by
explman on Aug 30, 2022 5:16pm
DD does not run a charity. On the other hand the haircut he gives equity holders he is giving himself, as the largest equity holder. Structuring this will be a challenge. A tough place for an independent director.
Comment by
claymore50 on Aug 30, 2022 6:46pm
I agree. DD has paid as much as much (or more) as C$5.00 per share for millions of his shares. I beleive his prime objectice would be to get the price of MPVD as close as possible to C$5.00. However, this is easier said than done.
Comment by
explman on Aug 30, 2022 7:33pm
He could forgive the debt.
Comment by
claymore50 on Aug 30, 2022 7:50pm
Only if he was dressed up as Santa Claus, and extremely drunk.