Post by
SuperBull51 on Jul 08, 2019 3:57pm
Some easy money to be made here
Although some disgruntled bondholders have been unloading their shares cheaply (can`t blame them for being mad), there are a couple of facts they have missed in my view. 1 - with this debt erased from the balance sheet, this company becomes profitable. 2 - As a profitable company, even them bondholders should be very happy with the 0.038 cent deal they got, because the value should return to 6-8 cents at least, very quickly. So, would not consider this as a lifetime opportunity (because you won`t be able to load up millions of shares), but the path to a quick profit is very clear. Besides, the Byrne family (insiders) going all in is a clear sign of this. GLTA