GREY:PEYTF - Post by User
Post by
alkhoron Oct 30, 2015 1:28pm
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Post# 24244149
Took a gamble
Took a gambleAnd bought the debentures today. $30,000 worth only cost $1.50 plus trading fees plus the kicker, $676 in interest. My thinking is the company and current lender does not want to CCAA protection as then they basically have to sell off the assets at firesale prices instaed of continuing and pay paying interest until better terms can be worked out. If they do not pay the interest on the debentures, then that will kick in the CCAA protection.Most I can lose is the interest I just paid.