Chalice Brands Ltd CHALF

RE:RE:RE:RE:RE:RE:RE:RE:RE:Stock is where it's at because

[jutah70]

Oh, and one more thing to add to the issue of the debentures. Pretty sweet deal management handed themselves. 10% interest payments go to whom? Well, if it is the debenture holders (for lending the money to the company) management has essentially made back some of the salary they rolled back. I would have liked the option to buy some debentures to essentially be paid to wait for this company to get it's act together. Plus the added sweetener of all those shares. Is anyone else getting interest or a dividend? If they had confidence in the stock they would have bought in the open market as well. Wonder if they provide some insolvency protection? Might have to re-read the covenants on them. So snickel, if you want to see what irks money managers, take a look at how many debentures were purchased. The add up all the interest payments (and when they are to be paid). Essentially the company better have enough cash on hand at that time to make the payments. And as well, add up all the shares to be converted for all the debentures. Then add them to your current outstanding shares. You may be surprised at what your actual market cap on this stock is. The market is forward looking. The share price could be this low because the market is valuing GLH with a market cap including the converted debentures. Just some thoughts, that's all.