GREY:ZARFF - Post by User
Comment by
rad10on Dec 27, 2018 1:51pm
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Post# 29160512
RE:I'm Thinking This is a Yes Vote
RE:I'm Thinking This is a Yes VoteVery considered opinion - PE. and a good read.
The problem is - allowing the debt for equity conversion does not generate more leeway or flexibility for the company than agreeing to PIK for the March interest. The difference is that the conversion is considerably more drastic than PIK. Maintaining seniority and delaying what may be an inevitable conversion will yield a higher recovery percentage.
CEO now owns 900K face value? I know he sold some in the dutch auction last year. Great to hear that he has bought considerably more - I hope your source for this is solid.
Harvesting organs from a corpse may be more productive than maintaining a zombie in a persistent vegetative state.....................