GREY:FTPLF - Post by User
Post by
Contrarian333on Jun 20, 2019 1:48pm
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Post# 29845568
Next Steps
Next StepsHere are a couple of possible scenarios for further balance sheet improvement for your consideration. You can bet something is going to happen because the Company will want to get the full 5 year extension on the IQ debt and they only get that by doing something.
1. converts exchange their bonds for a new lower coupon, longer maturity secured bond and perhaps the significant convert holders backstop a "raise" of an incrmental $10-20m of bonds.
2. convert holders cut their own throats and don't play ball and the Company raisies secured debt through a subsidiary - perhaps with an allowance to buy back some $$$ of converts.