Post by
rad10 on Oct 10, 2023 5:25am
change of CEO
The last guy was financially reckless. The indebtedness is almost a billion Canadian. debt to EBIDTA is an eyewatering 9:1 -
It's now 11 months until the debentures come due. Tick tock.................. How much is Fine Capital going to backstop this company?
Long debentures - no equity position
Comment by
rad10 on Oct 10, 2023 11:07pm
Hope you are correct - I really don't want stock in lieu of cash on redemption. Hope the new guy can rein in the spending and production budgets. Why is Fine capital so enamoured with this company?
Comment by
Alphaseeker1973 on Oct 16, 2023 5:13pm
I wish Fine Capital was not so involved with this company...they are the worst maoney manager on WS and they stood by and did nothing while the ex-CEO spent this company to the edge of bankruptcy. The clock is ticking on the convertible and the BOD is completely asleep at the wheel again...this again is all on Fine Capital as they have defacto control the company.