GREY:HRIVF - Post by User
Post by
Honkeybillon Jun 09, 2009 12:35pm
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Post# 16055285
I lose the "bid" pool
I lose the "bid" pool What a circus. Now that I have pulled my head out of my a$$, cleaned it off and looked around, I am in utter disbelief.
My only thinking is that Severstal's window to pull off this outright theft has become very tiny. If they don't get it all now, the chances of getting it cheap will evaporate.
If it's true they're paying current debt obligations with cash flow, and the DGC shares (and others) offset the Royal obligation (and a big chunk of the debt that Severstal has guaranteed), then the financial shape of HRG will change drastically by the end of Q3.
Can't see the offer being accepted..........for almost everyone that regularly post here it's an insult.
The annual meeting is coming up on June 30th in Toronto I believe.............it could be a very interesting event.