GREY:DLTNF - Post by User
Comment by
golfyetion Nov 03, 2021 1:49pm
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Post# 34083089
RE:RE:RE:RE:RE:RE:RE:News - DN Renews Right to Rebuy Shares and DBs
RE:RE:RE:RE:RE:RE:RE:News - DN Renews Right to Rebuy Shares and DBsBinkyman69 wrote: Investor0 wrote: Why are you saying they will default when it isn't even that much debt and there is no reason why they would choose to default. Just spreading garbage out of boredom or you got burned buying in too high.
My avg is 50c per share. Are they going to grow a magic money tree and use that to repay the 11m.. they are still neg EPS every quarter so unless they have a tree which grows money... or they are going to issue 11m worth of shares with SP pinned at 40c...well then they are gonna default.. prove me wrong.
Financing renewal or replacement is routinely revolving for companies at this stage. This is not a lot of debt for a company with a $60-$70 Million dollar revenue run rate and growing at double digits per quarter. If debenture lenders were ok with lending to D9 way back when, then today there is no reason for debenture lenders to not renew , now that the company is waaaaay less risky and on the verge of EBITDA positive,. Or if not the company finds replacing financing. Routine.
Also, the company could dededicate a couple of milloion to market share buy backs and that would rocket the SP to imo $1.50 - $2.00 (and still be undervalued next to peers) . Then if they don't revolve the debenture then they do a share issuance ay north of $1.00 to pay it off. Win win win.