GREY:AIIFF - Post by User
Post by
alkhoron Jun 03, 2014 12:44pm
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Post# 22625232
Trying to buy the debentures
Trying to buy the debenturesBit one of the bigger players has a computer doing his work for him. They own the bid at 37.01 and if you p[ut any bid higher than that, their bid automatically changes to one cent above your bid.
The way I see it, if the company goes under, shareholders and debenture holders both lose everything. If the company gets bought out, debenture holders get full value for the bonds they paid 40 cents on the dollar for. If the company lasts until maturity in June 2017, debenture holders will either get full value or shares worth full value. They are a good bet against the company going under.