GREY:ZARFF - Post by User
Post by
stockfyon Nov 21, 2018 3:04pm
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Post# 29006332
Craig Hansen, the CEO, is a major debenture holder
Craig Hansen, the CEO, is a major debenture holderCraig Hansen, the CEO, is a major debenture holder. And he suggests that the debenture holders convert their debentures into common stock at C$0.10 at their full value, although the debenture currently is at CAD$38. So he wants to convert his shares into common stock. This means something about this deal and how favorable this deal can be to ZAR and eventually the common stock.....
Otherwise, the debenture holders will convert their debentures into common stock at 95% of the stock price in December 2019 when the common stock could be at 5 cents or lower, if ZAR does not save C$4.20 million from interest in order to breathe and execute its drilling program......