OTCPK:ARNBF - Post by User
Post by
jd43xlon Aug 05, 2014 8:56am
365 Views
Post# 22809017
There is an option
There is an option
Vote this deal down, convert the first debenture to shares when they mature, and the share price would likely be about 10 cents. Then the debenture holders would be the largest voting block, and could pass any deal. Then sell the company, all of it, for 10 cents/share, pay off the other debenture in full, and pay off the bank loans in full.
That way the banks get paid, the debenture holders get paid in full, and the common shareholders get what their shares are actually worth.