GREY:WONEF - Post by User
Post by
RainMaker888on Jul 02, 2016 9:40am
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Post# 25016755
WEQ should buy back shares
WEQ should buy back shares
with the credit available - driving the share price up means less shares to distribute to debenture holders - the revolving operating line and the revolving capital expenditure facility were reduced from $30 million to $20 million and from $50 million to $45 million, respectively. The reductions represent excess credit facility that management believes would not be utilized by WesternOne based on the current business environment; Read more at https://www.stockhouse.com/news/press-releases/2016/06/30/westernone-inc-to-redeem-outstanding-8-extendible-convertible-unsecured#7MqgpVTGZeV0UUUk.99