GREY:FTPLF - Post by User
Post by
HCI_STEELon Sep 23, 2018 1:21pm
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Post# 28673273
31%+ Bondholders Intention to Vote AGAINST Amendments to
31%+ Bondholders Intention to Vote AGAINST Amendments tohttps://ca.finance.yahoo.com/news/bondholders-announce-intention-vote-against-134700248.html
Chad's threat to issue shares to repay int/debt isn't going to work! A 1% bump in interest, without adjusting the conversion price won't fly. VOTE NO.
Chad needs 66.66% to vote FOR, and we already have 31%+ voting AGAINST, sooo.......doesn't look like it will pass UNLESS they sweeten the pot. As far as the 'fairness opinion', after experiencing that with TBE, where they were giving the shaft to debenture holders, I give absolutely NO WEIGHT to a 'fairness opinion' paid for by the company.