GREY:TBTEF - Post by User
Post by
bullbleepon Jun 21, 2016 9:59pm
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Post# 24985818
......the last thing a bank wants to do....
......the last thing a bank wants to do....is get their hands dirty chasing their money. Much easier if someone just appears and pays back their loan. So, the bankers want to keep this TBE deal alive.
But the credit group......yikes ! They are urging the bankers every day to just call the loan and "get our money back". They will have demanded a fee just to keep this deal alive for 24 hours.
JMO - but a deal is very close, probably just needing approvals all the way down the line at this stage.
I would bet that it goes through.
I have no idea however what this means to the common shareholders in terms of value. And I would think that many smart guys have valued this common equity as worth less than 10 cents. And when the debt component of the equation is so large, a small swing in value can wipe out the equity value to NIL just as easy.
Time will tell.......and just all my opinion.