RE:RE:The Clock Is Ticking
JohnJBond wrote: One wonders why you chose not to include the default conditions in the event the private placement is not paid for by the buyer?
Because due to this recent development with MIE I suspect that the odds of Long Run actually receiving any Termination Penalty’s in Cash from Maple Marathon/MIE are not good not to mention their ability to raise $100m in cash any time soon.
https://www.mzcan.com/hongkong/01555/announce/263/EN/EW01555_tniAIJLqBJaj.pdf
Not to mention that whatever it is it will be too little too late.
I am NOT hoping that Long Run’s future is liquidation. I am just recognising reality.
I did not acquire a small LRE.DB position at a discount (my ACB is $45) to lose money.
I acquired the debentures for a small high risk bet that I may ultimately lose.
If Long Run is ultimately liquidated the debentures have a better chance to recover something than the common shares.
As Always; Do Your Own Due Diligence; It’s Your Money !!