Arcan Resources Ltd ARNBF

RE:RE:RE:RE:a surprisingly generous deal....

[rad10]

jacek99 wrote:

rad10 wrote:

pennydredful wrote:
Equity  holders   are  getting  money  owed  to  bond   holders.  THERE   IS  NO  WAY   BOND  HOLDERS  WILL  VOTE  FOR  THIS  .  Why  put  money  in  the  pocket  of  Crescent Point  and  Lightstream. Where  are   their  proposals ?   At    82.50     yield  on   2016  is   19.63%    and   11.64%   on   the  2018   .  Big dicotomy  there  . NOWAY  the    2016,s    will  vote  for    this .

Very true Penny - the second offer will be forthcoming within a couple of weeks...............................................

Cheers

RAd10

Yeah, you believe there will be other offers?

From the same outfit there will probably be an improved offer.  I am unsure as to the ownership of the 2016s (I have 100K face).  I doubt the debenture vote will pass as it stands.