GREY:CLLZF - Post by User
Post by
leveraged1on Jan 14, 2012 9:21am
964 Views
Post# 19403893
Conflict of interest
Conflict of interest West Face has 10% plus of CLL shareholdings however also I understand holds a substantial amount of CLL's debt obligation. On a take over buy out these 2 postions are in conflict. The more penalty CLL has to pay for early repayment of debt etc (which no doubt will be substantial) will reduce the amount availiable for distribution to shareholders. It may make little difference to West Face, they win on one, lose on the other. But to us it may make a big difference which way they choose to win and which way they choose to lose. Any comments.....thanks