TSX:SGR.UN - Post by User
Comment by
bitwiton Mar 25, 2015 9:48pm
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Post# 23562453
RE:RE:San Gold Advises on March 31 Debenture Interest Payment
RE:RE:San Gold Advises on March 31 Debenture Interest PaymentSuperMoney wrote: Bankrupt! Thanks to God and I did not buy in today. A large share dumping could happen tomorrow.
SGR was hinting to this, and the deb shares were down quite a bit since tuesday.
I'm just guessing, but I reckon they will convert deb shares into common shares. This really sucks if you are deb holder though...
But hopefully deb holders get a fair convertion ratio. SGR litterally cannot make the interest payments and have to re-structure to rein in their expenses.