GREY:LSTMF - Post by User
Post by
darkstreamon Aug 06, 2016 10:02am
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Post# 25116475
Apollo Blackstone& Mudrick Capital Battle Royal
Apollo Blackstone& Mudrick Capital Battle Royal Apollo&Blackstone own 500M secured debt-Mudrick has 1B unsecured debt -secured offered 95% of company -Mudrick offered 2.5% -Mudrick pissed-Wonder Why? -unsecured debentures selling at $7 per hundred -bankruptcy gets Mudrick close to zero so why not offer them $15-$20 for their worthless debentures and get them out of the picture? -this current proposal could drag out indefinitely with CCAA the next step