GREY:SBIYF - Post by User
Comment by
Magnumon Feb 08, 2012 12:28am
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Post# 19503276
RE: RE: To understand the bondholders
RE: RE: To understand the bondholders I would not be interested taking over of the company and running it on the daily basis. I would be on this just for the money.
Vanhope,
I agree the debt holders are after money, but if they control the option(s) available to them on that debt, and SBS builds a profitable company, and the debt holder has back in rights via the warrants, they effectively take over control at some point and sell SBS on their terms....the warrants from what I have read give the debt holder 56% to 75% of the shares, basically a controlling interest....why just settle for the original $4MM X 120% + 7% annually,($6MM or so), when they potentially could sell a controlling interest for multiples of that...?
Magnum