GREY:AXBSF - Post by User
Post by
VPofFNEon Feb 14, 2017 9:37am
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Post# 25841939
If you think you're bottom feeding...
If you think you're bottom feeding...For those of you who think that buying at 1 or 2 cents has a good chance to pay off, I would suggest you don't. There are too many secured debt holders here, and the assets of AXA are not worth enough in the secondary market to leave anything for the equity players.
There will be a massive restructuring needed, and the debt holders will essentially own the company after the dilution - that's assuming they convert their debt to equity.
There is negative value in this stock, 1 or 2 cents, unless you're just trading and gambling, is a bad investment.
Just my opinion.
VeeP