GREY:WONEF - Post by User
Post by
knicksmanon Apr 28, 2017 3:06pm
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Post# 26180825
Convertibles Debentures are a Steal...
Convertibles Debentures are a Steal...With the sale of Britco, WEQ has effectively paid off all of its bank debt. The company's equipment assets are likely worth north of $60 million (replacement value) and the company is cash flow positive (not to mention should see earnings improve). Meanwhile the company has debentures outstanding valued at $55 million...
Assets > Liabilities...
Cash flow positive...
But the converts are still trading at 82 cents on the dollar?