TSXV:CAV.H - Post by User
Comment by
colt451on Jul 26, 2012 1:19pm
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Post# 20155467
RE: RE: RE: Who pays the debt?
RE: RE: RE: Who pays the debt? The company is being shelled, it's not overly complicated - essentially Baja is losing a massive amount of equity for pennies, but I think that as soon as the Koreans receive more equity from Stage 1 than shareholders are given the option of receiving "x" amount of compensation. After Stage 2 Baja will essentially cease to exist.
Don't quote me on that though, I'm a somewhat dispassionate observer in concern to BAJ and my DD somewhat reflects that.