GREY:ADEXF - Post by User
Post by
behrhunteron Nov 23, 2011 6:08pm
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Post# 19262597
the market
the marketYou are so right...The whole market is crashing..Look at FEO..It went down......ah.......well, I guess it did not actually drop yestereday. But do not let that get in the way of casitgating someone for stating a differing opinion.
What people should be concerned about her is what will happen if AXI defaults on the debenture...A debenture is a powerful tool for a creditor, and particularily if the debenture holder is linked to the source of retirement of the debenture. Personally I could not believe AXI managment would put themselves in such a position, \
Issuing a debenture without a guaranteed revenue stream is very very risky. On the other hand, it does present a potential win -win for the debenture holders...If all goes well, they convert. If not they get the company at a firesale price..So where does that put all the other shareholders?
I originally posted this as a buy at .25. In view of the current situation, I think that may need a revision downward.