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Arcan Resources Ltd ARNBF

Energy Oil & Gas E&P


OTCPK:ARNBF - Post by User

Arcan Resources Ltd > teevee, debenture redemption
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Comment by jd43xlon Jul 27, 2014 9:31pm
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Post# 22785994

RE:RE:RE:RE:RE:RE:RE:RE:teevee, debenture redemption

RE:RE:RE:RE:RE:RE:RE:RE:teevee, debenture redemption
teevee wrote: I believe the reason why the debentures traded at 50-60 cents on the dollar before the offer on the table, is because the market believes that is all they are worth after satisfying the secured lenders/banks.


Well, I believe you are talking out of your butt. The Aspenleaf offer proves that the market is wrong. They are offering enough to pay off the secured lenders and the debenture holders at face value. The bottom line remains that the debenture holders are being asked to give money to the common shareholders, who rank at the very bottom of the pecking order. It is simply unacceptable.
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