Arcan Resources Ltd ARNBF

RE:RE:RE:Are any debenture holders actually voting for this?

[teevee]

seriousinvest wrote: Have you ever considered the possibility that when this deal is voted down as I am confident will be the case that it will be restructurted so that there will be no spinoff which primarily benefits only 3 executives ( who certainly do not deserve to be rewarded) and that the buyer will purchase the entire company and will be releaved of the obligation to buy shares in the spinoff( which I am sure they consider to be a waste of money) and that additional consideration will be paid to the debentureholders as should happen.  

I can't wait to see the results of the meeting.

LOL.....how would Apenleaf buy the entire company without purchasing the shares? If they did purchase the shares, they wouldn't have to purchase the debentures, but would have to redeem them down the road. Why buy the shares or debentures if Aspenleaf is prepared to wait until ARN's situation deteriorates until the secured lenders significant'y cut or call the entire line of credit. Then they could simply purchase the asset from the secured creditors and IF there is anything above loan value, pay the debenture holders the residual. You clearly don't have a clue about public company transactions......