GREY:LSTMF - Post by User
Comment by
bushhog1on Jul 13, 2016 11:51am
261 Views
Post# 25048585
RE:I think we are better off voting no
RE:I think we are better off voting noLTS was trading for $0.19 yesterday with a Debt of $1.6B
After this reconstruction the shares are still worth $$0.19 but with a way
smaller Debt ( $350M) and tons of interest savings ...
hence more profits going forward
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The Bondholders will be converted over to Shareholders at about $0.19
without interest payments
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Yes the old Shareholders like myself who bought lots higher are screwed and still in shock why Management chose this way.
This massive dilution for a due $120M Debt !
Only my opinion