Arcan Resources Ltd ARNBF

RE:RE:Happy debenture holders?

[teevee]

All I know is that under the terms of the debenture, ARN must redeem with stock at market to avoid default. This will give the first debenture holders control of the company. What they decide to do with that control is anyone's guess. The problem the debenture holders would then have is that once they are converted to shares, the series B debenture holders rank ahead of them if the assets are liquidated.....actually quite humorous;-)........