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Yellow Media Inc T.YLO



TSX:YLO - Post by User

Bullboard Posts
Post by bradford86on Aug 31, 2012 2:52am
274 Views
Post# 20282986

CBCA might as well already be a failure

CBCA might as well already be a failure

Three sets of creditors on the debt side have no reason to vote yes because staying put will get them more than voting yes.

Bank LOC: $369M.

2013 MTNs: $255M

Convertible Debentures: $148M

How do you get 66% without these people on the debt vote? You cannot.

 

Bullboard Posts