GREY:AXXDF - Post by User
Comment by
MikPreciouson Apr 01, 2020 4:02pm
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Post# 30869742
RE:RE:RE:RE:RE:RE:If Alderon defaults on 3/31...
RE:RE:RE:RE:RE:RE:If Alderon defaults on 3/31...HBIS falls off the table, so does all the tax losses, so do all the contracts, and the first payment go to other loans before Sprott and equipment is lost. it maybe too combersome for Sprott. It is conceivable they may buy more time to extend after this COVID which allows them to see opportunity and allows Alderon to continue to look for another prospective buyer. It is my intuition and hope this is the route that is taken for all the parties involved. It only makes sense out of all this nonsense.