GREY:AIIFF - Post by User
Post by
alkhoron Mar 18, 2015 2:29pm
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Post# 23534918
I gambled a bit today
I gambled a bit todayBought $40,000 in debentures, cost $200 plus almost $600 in interest. When Yellow Pages reorganized they paid 5 cents on the dollar plus had to pay the interest to avoid being in default. I believe Arm technology cannot turn over all the assets to Brookfield without she holder and debenture holder approval outside of CCAA, so a comprise must be reached with them. Upside is a purchase of the company, which means a real big profit. Downside is I'm out $800.