GREY:PSGLQ - Post by User
Comment by
kennethjwon Oct 31, 2016 11:25am
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Post# 25405713
RE:not bad
RE:not bad
The Us$386M is a "we-have-you-by-the-balls" working capital loan.
The US$575M offer comes before they extinguish what is owed to the creditors. They haven't filed any FS in a while, but that number is likley around US$450M (or higher).
Doesn't leave much for shareholders, about US$130M or US$3 / share.