GREY:ZARFF - Post by User
Post by
Kaybobon Jun 25, 2016 7:48pm
333 Views
Post# 24998902
Debenture Rules
Debenture RulesIf Zargon does not sell and if June 2017 comes do the debentures just get converted to shares? I think this was asked and answered earlier but couldn't find it. If true that it gets converted then at least Zargon is not looking at recievership. A conversion then just leaves a ton of shares out and maybe $65 or 70M of debt. That credit facility will continue to get pulled back but surely Zargon is worth more than the net debt after the debenture is gone. ASP is a real problem but surely someone will take it for $1.
Could someone please advise as to the rules of the debenture.