GREY:FTPLF - Post by User
Post by
HCI_STEELon Jun 18, 2019 10:41pm
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Post# 29838427
155 million shares would roughly need to be issued to repay
155 million shares would roughly need to be issued to repay the debs.
Just a quick check, I see "$62,100,000 principal amount of 7.0% Debentures remain issued and outstanding.
Read more at https://stockhouse.com/news/press-releases/2016/08/19/fortress-paper-announces-completion-of-purchases-under-normal-course-issuer-bid#E03l244pc8PCtQuc.99"
So if they repaid that in shares ~40c they would issue 155 million shares, just as a rough example. There are currently ~20 million shares.
So you can see how quickly existing shareholders would be diluted. Left with ~12.9% of the company. Aside from them owing 105M to iq.