OTCPK:ARNBF - Post by User
Comment by
teeveeon Aug 03, 2014 11:25am
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Post# 22806020
RE:Are any debenture holders actually voting for this?
RE:Are any debenture holders actually voting for this?rad10 wrote:
The only winners are Aspenleaf, the Ontario Teachers pension fund and senior executives at Arcan Resources.
What is surprising about that? The market considers all equity and debentures as sunk funds. Only the bank lending syndicate is secured. If the Apenleaf deal is voted down, I expect ARN's situation, and especially that of shareholders and debenture holders will only worsen. There is an old market adage-your first loss is your smallest loss. I expect that debenture holders who hang on and vote against will re learn that lesson;-)........