GREY:LFDEF - Post by User
Post by
454Joeon Dec 14, 2017 1:16pm
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Post# 27157563
Insider subordination agreement
Insider subordination agreementOk I need a few things clarified guys so please help me out. When a company gets a senior secured debt or subordinated debt, can this debt be secured by insiders common shares?! The reason I ask is because someone mentioned that 500k were transferred between Clarus accounts (acting as a broker) and earlier today I saw another 360k shares transferred between same accounts. Just checked SEDI and Wade owns 860k shares. Could he be securing the loan by using his common shares? Any input appreciated. Thanks.