OTCPK:ARNBF - Post by User
Comment by
barneymillaron Jul 15, 2014 5:17pm
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Post# 22748299
RE:RE:think about it......
RE:RE:think about it......
You do not understand the deal. The debt load is such that development of the asset is significantly hampered. The deal allows the deb holder to get cash at a rate above where most of the deb holders got into the bonds. The shareholders are protected by carrying through into Spinco where additional cap[ital can be expended by Aspenleaf allowing proper development of the area. Without this deal production would grow marginally over decline.
I agree 12.5% is low but it is better than the deb holders getting all the value. this is hardly about the officers keeping their jobs. Don't be so stupid.