OTCPK:ARNBF - Post by User
Comment by
nlr2on Aug 18, 2012 4:12am
273 Views
Post# 20232477
RE: That's enough for me!
RE: That's enough for me! Good post and I agree with you. Its easy to get seduced by such a fantastic asset and CPG`s involvement but terrible mangment can ruin anything. The one thing I will say is with the convertible debentures when they expire if the share price is in the gutter does Arcan have to buy them out or do the holders get shares valued at 8.50 or whatever the face value was? If they are forced convert at $8.50 then Arcan could let that happen and suffer pretty serious dilution but dodge the debt bullet. I'm not sure how that would works so if someone knows I'd appreciate hearing.I am somehwat suprised about how this has come up off the bottom. I thought for sure we were done after the update. Haha.