RE:RE:RE:RE:rollback done, time to issue shares...LOLit is hard to argue facts WHEN YOU ARE THIS STUPID...lol
the bondholders were almost exclusively insiders... the insiders owned debt in PMT... the debt was in dire trouble of going worthless as pmt is basically a worthless company... note how they had to pay someone else to take their shallow gas assets from them...LOL the same assets PMT spent tens of millions developing over decades and they had to pay someone to take them from PMT...LOL those are some good assets they touted for decades.... yep all through the years PMT told sharedummies that their shallow gas provided a solid foundation with predictable cash flow... a solid base upon which to build! LOL... then it turns out those assets are so worthless PMT had to actually pay someone to take them over! yep they had to guarantee a certain price point for the gas, which is higher than aeco today... so PMT is paying for a natgas contract that secures a higher gas price for the new owners...LOL< that is some business plan....LOL
anyway, these bondholders, that are almost entirely insiders were worried all the debt they owned in PMT was going to go worthlesss, it was already heavily discounted in the market.... so for them to get their money back, they hatch this nasty plan to trade their very challenged debt in PMT for pmt's only good assets... their ownership of TOU shares! those are worth something for sure.... so these insiders decide they will take the valuable TOU shares in exchange for the very much less valuable PMT debt they owned! what a scam that is...LOL
but I know you do understand it...LOL like the warrants that cost NOTHING unless they go in the money and then these insiders will use the warrants to buy shares if they are in the money... hence another dilutuion of sharedummies share holdings in PMT...LOL then the dilution means less value for the sharedummies,. again...LOL note a certain path being followed here?? LOL the path to raping sharedummies again and again and again...LOL
my gawd, I wonder when you sharedummies will clue in to this company and these antics that benefit the insiders while sharedummies get roll backed and lost 98% of their investment here.... but then I see sharedummies like this raodrunner and it becomes so clear... the sharedummies are basically complete fools... uneducated losers... poor dummies should never invest without supervision anyway...LOL
so what is take away? well PMT shares were at $5 then a 1 for 20 rollback means you would be in at $100 a share... now the shares are down over 98% and the company is even in worse condition than ever...LOL