GREY:DLTNF - Post by User
Comment by
StonksOnlyGoUpon Jun 25, 2020 8:26pm
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Post# 31193057
RE:RE:Call Today
RE:RE:Call TodayI definitely agree it would be good to exchange them for something else if they can. I guess they could leverage their credit facility to pay it off if the interest rate is attractive enough. I think they feel they can get better returns on the money by investing it into the business and if the current growth rate continues I'd say that's definitely true. I suspect even though they're doing great during this crisis they probably still want to keep a cash cushion in case things really get crazy.
Jordan1203 wrote: Absolutely stupid not to get rid of those convertibles ASAP..Positive earnings each quarter im sure they could get a way better interest rate.. good time to do it since BOC said rates will remain flat to 2022..Stupid to leave SP this low with current economic environment in new industry. Pay off those convertibles, get us up to 2$/ share and create some cushion and issue a few shares to fund expansion ( no in not saying do what other big LPs do and go f@%#ing bananas w the dilution)