GREY:GDPEF - Post by User
Comment by
speckyon Feb 01, 2019 5:03pm
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Post# 29308160
RE:RE:******RCG ***ENGINEERED BANKERUPTCY*****
RE:RE:******RCG ***ENGINEERED BANKERUPTCY*****Exactly, keeps the unsecured on hold while they work out terms with the secured creditors. Unfortunately us shareholders are also unsecured. The only positive here is our secured creditor( Sprott Lending) also has lots of warrants and Sprott has lots of shares. If it was only stupidity (poor management decisions) and lack of capital, and the mine is ACTUALLY feasible ; that would mean long term it would be sensible to keep shareholders and warrant holders in the game. IF this mine is actually profitable, I see lockdowns point. That would be super sleazy to cut existing shareholders out. Let’s see what happens