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Yellow Media Inc T.YLO



TSX:YLO - Post by User

Bullboard Posts
Comment by Baxter4on Mar 02, 2012 11:59am
245 Views
Post# 19617965

RE: RE: RE: RE: Edit

RE: RE: RE: RE: Edit

I'm sure someone will correct me if I am wrong, but isn't today the last day YLO can announce a conversion of the Preferred A shares in order to convert them on the earliest possible date (April 1st)?

 

Everyone here seems to think converting the A's is a given, but I believe there is a chance they will extend the redemption date instead. Once they meet the banks demands (which may happen before next February), buying back the A's and B's can begin and at 3 cents on the dollar debt will fall dramatically, although the share price will rise once buyback begins.

Bullboard Posts