RE:RE:RE:NBZ and M&A IMO If they could get TBE cheap enough they could just carry the current debt of 204 mil , I would think the banks would agree to that. As a debenture holder I would give my debentures up at 50 cents on the dollar to this company as I can see making money long term here.
So lets say they issue 10 mil shares for the debenture debt and lets say 12.5 mil shares for the TBE common so total 22.5 mil extra shares.
The div would cost them an extra 10.8 mil a year. Not much really. I would think TBE assets could cover that no problem, even in this environment. But when things improve they could keep the div stable and start on debt repayment with the extra CF.