GREY:LSTMF - Post by User
Post by
oilwatcher13on Jul 15, 2016 11:02am
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Post# 25055814
Bond Holders will Reject this Deal.. Bankruptcy is better!!!
Bond Holders will Reject this Deal.. Bankruptcy is better!!!Bond holders would prefer to scuttle this deal and force the bankruptcy so they participate in their portion of the assets and shareholders get nothing... secured debt holders will get everything.!!
My only hope is that John Wright has nothing to do with any future public company as he has been the top wealth destructor in the Canadian Market and has taken out so much share holder wealth he should be banned from any TSX public companies going forward.
JMHO