GREY:ZARFF - Post by User
Comment by
pablo87on Dec 17, 2018 9:28am
88 Views
Post# 29122931
RE:Debenture conversion
RE:Debenture conversionwhat shareholders get should be the only question TBD. realistically, the shares are worthless. prior to the wcs debacle, debt was 75% and market cap 25%. so a 25% drop in EV means equity is wiped out. where I find people get confused is that their main asset a house trades on EV (bank debt + their own money) whereas shares represent owners equity only which in a heavily indebted co., can easily be wiped out.the best is no quorum and then the deal is repriced to 5 cents or less.