GREY:SWYDF - Post by User
Post by
xauxag9on Feb 24, 2018 6:18pm
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Post# 27615583
the creditor terms were a warning sign
the creditor terms were a warning signWhenever you see an Orion financing on a project, be very careful. They will provide the financing but they extract such favorable terms to minimize their downside, common shareholders usually get plundered. Orion also does a lot of equity trades (even shorting) to manage their and risk and exposure on their portfolio. Common shareholders are exposed to ALL the risk while the debenture holders are guaranteed the juice. Check page 4 for the financing terms. Yikes. https://s2.q4cdn.com/850616047/files/doc_financials/Quarterly%20Reports/2016/Q4/SWY-2016-AIF.pdf