RE:Good pullback...time to load upIf you can explain the math it would take for Pirate Equity to give Cxr an unsecured $100 with no interest to retire a secured bond available in the public market trading at $70 with a 14% yield, I'd be interest in hearing it, as I might buy the bond. The dilution would blow your mind and it would still not be secured. The only reason I see that makes sense is they know they will be so cash strapped, this is a hail mary to keep the fire burning longer so MT can keep collecting his $9 million salary.
fundtrader wrote:
story is intact...cash infusion will double share price...