GREY:TBTEF - Post by User
Post by
dangoodon May 31, 2016 10:53am
161 Views
Post# 24919143
All the value is in the debentures
All the value is in the debenturesWhen you liquidate the company the debentures should be fully covered. The commons should get next to nothing on any deal. I would bet the debenture holders have a number of offers north of $50. I don't think the banks want to liquidate this puppy do they will push on for another 30 days and get a deal done. Any reasonable investor would buy the whole thing but maybe there are just too many deals out there.