Arcan Resources Ltd ARNBF

RE:RE:RE:RE:RE:Blendforce

[seriousinvest]

TV you truly are incredibly ignorant of the way in which bank loans are administered.  What is your basis for your claim that the banks will call the loans?  The debentures when they mature can be repaid with stock as is most likely going to be the case.  This has no impact on the security of the bank loans.  In fact it strenghtens the company because it will save it something like $10M in interest payments when both debentures mature. The enterprise value of the company(equity + convertible debentures + bank debt) is more than twice the amount of the bank loans.  Therefore  the bank is incredibly well secured and while I am certain they are not pleased with the company's performance; I am also certain that they do not view this as a high risk loan. The enterprise value of  the company(further supported by the independent offer which was rejected) is approximately double the amount of the bank  loan. When the loan comes up for renewal I have no doubt  that there may be adjustment in some of the terms and possibly a higher interest rate.  But there is no reason for the bank to call the loans and then involve itself in the messy task of attempting to sell the busness(assuming that no other lender is willing to refinance the loans).  It just isn't going to happen the way you keep predicting just as the debentures did  not drop dramatically as you predicted when the horrible deal was rejected by all concerned.  Since you claim not to own any debentures or any common shares why do you keep posting the uniformed, garbage that you continue to spew?  Please find another board that can benefit from your wisdom.  We are sick of hearing you post nonsense.  Frankly, every time you post you just embarrass yourself.  Do everyone a faovor and just go away!