GREY:ZARFF - Post by User
Post by
rad10on Dec 22, 2018 3:40pm
119 Views
Post# 29150713
Voted NO
Voted NO(1) Happy to receive PIK in lieu of the March interest payment. New shares issued at 95% of the VWAP nearer the time.
(2) Not willing to lose seniority on the capital structure.
(3) Not willing to gift equity to existing shareholders.
(4) Not convinced management has done enough to market the assets. Their commitment to only sell the whole company in one transaction is rather fanciful and self serving.
Wish you all a very merry Christmas and a prosperous New Year.