RE: 20 000 debentures bought "The debentures yield 6.25% interest, and at 9$ a piece, even if YLO does a cbca they will more than likely get their principal back in full or more."
Just so no one misunderstands what you said, that 6.25% interest is based on the $100 face, so that $9 debenture is receiving $6.25 in annual interest payments. For how long before a settlement is reached and what the settlement will be is the risk end of this game. Obviously, the longer it drags out, the better the odds on the reward side.