GREY:ZARFF - Post by User
Comment by
nkbourbakion Nov 24, 2017 1:51pm
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Post# 27026774
RE:RE:RE:debentures
RE:RE:RE:debenturesrad10 wrote: The CEO's debenture holding remains intact though nkb - I haven't seen evidence of him selling the notes and he held almost a million of them face value. Fingers crossed - this is not a fortress paper or IBI debenture - those were "no brainers". This could go south very quickly.
Yes -- if I see him selling his debs then I think I'd jump ship immediately. I do wonder if insiders are selling the common because they see it as a distinct possibility that the debs (or interest on them) will eventually be converted into equity.
Speaking of Fortress: What do you think of the 2019s now in the mid 80's? There have been some hiccups recently and I'm kicking myself for not selling some commons up near $8. But I think the 2019s are reasonably safe.