OTCPK:KATFF - Post by User
Comment by
Lech1988on Jun 13, 2019 1:14pm
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Post# 29823080
RE:RE:debt for equity, dilution and reverse stocksplit
RE:RE:debt for equity, dilution and reverse stocksplitTBH I don't know how it would work but an equity for debt swap I agree makes no sense.
Why would Glencore push to dilute their own shareholdings for yet more shares of KAT instead of rolling the debt forward and just collecting the (very high) interest payments. They are basically eliminating $500m of interest income annually by doing this.