GREY:ZARFF - Post by User
Comment by
rad10on Nov 23, 2018 10:08am
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Post# 29013499
RE:Conversion at $0.10 now or at $0.20 - $0.25 in Dec 2019?
RE:Conversion at $0.10 now or at $0.20 - $0.25 in Dec 2019?LOL
Mr Stockfy shows his lack of understanding of capital markets........... The "refinancing the debs" commentary was a classic and this is yet another epic chapter.............
Once shares are sold to satisfy the interest liability there will be dilution.
How many bond / debenture holders WANT to own equity in a crappy small cap O&G?
The commodity of interest is cash.
If there is a recovery in oil prices as he states there will be no need to forcibly convert the debentures............. Buying them back through an NCIB would be a great suggestion - they are so illiquid that they will recover in no time. Everyone wins.
Love these posts.............