GREY:ZARFF - Post by User
Comment by
mingzhuon Nov 23, 2018 4:10pm
61 Views
Post# 29015899
RE:RE:if SP is at 0.05 now, why Debenture-holders will accept 0.1?
RE:RE:if SP is at 0.05 now, why Debenture-holders will accept 0.1?that is what i meant. debentureholders will not accept 0.10, then ZAR comes with 0.05, SP drops to 0.03. This is a vicious spiral. 7 years ago it was at $28. it is unbelievable.
pablo87 wrote: "The rules of the Toronto Stock Exchange (the "TSX") require the exchange price to be at market. The price of $0.10 per Common Share underlying the proposed Transaction represents the volume weighted average trading price ("VWAP") of the Common Shares on the TSX for the 5 trading days ending November 20, 2018, in accordance with the TSX definition."
Which basically means if we say no, they'll come back with another proposal at 5 cents or whatever the price is then (I would imagine).