RE:RE:RE:are you all this stupid? yep you are...LOLMethod wrote: Bigwilliie,
Why the common over the debs? I haven't heard a good reason yet but I'll keep asking.
sorry I couldn't post yesterday, outdated browser at work glitched again. Thanks to this board, I now know I am dummy.
about debentures vs common shares... In case TBE survives, and at debs trading nowadays in 8-9$ range, yes it kind of look interesting. Converted in 2018, with todays prices, it amounts to about 30c a common share, plus about 80% of money invested paid out annually as an interest, until then. But in reality, it doesn't matter, default is likely and unsecured debs get nothing, same as common shares.
The whole idea of buying into TBE at this point is unacceptable, nobody should be buying, and shareholders should not be selling either. Effectively, those who held them from 1$ level have already lost.
I will be watching this drama for a while. .. Here is an idea. Before defaulting, just days before, price will go up. I don't know why, it always does. Not by much, but there will be a little bump. Say, up to 12c a share. Some rooky pervert should try this game. Buy now, and sell for profit at the end of the week. Sit back, relax and watch TBE going under. That would be a hell of a ride, a story to tell your grandchildren. It will be ike stealing a a slice of meat from lion's teeth. Anybody in?