GREY:WFREF - Post by User
Post by
canneon Nov 24, 2015 5:49pm
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Post# 24321707
May 2016
May 2016LRE is going to have to pay off the $245 million in non-revolving debt in May. If everything goes OK with Marathon, they will contribute less than $100 million and that leaves $150 million to cover, the only real option is selling properties. It will be interesting to see what the company looks like at the end of that. The private placement with Marathon will substantially increase the share count and the sale of properties will severely shrink the asset base - shareholders will be squeazed from both ends but the alternative is worse, the stock price is building all this in, I don't think the stock price has been this low in all the history of Galleon & LRE.