GREY:ALEAF - Post by User
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Toweringmarson Nov 05, 2021 1:39pm
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Post# 34093090
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Share Price
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Share PriceWas it the little mermaid video that got you?
rad10 wrote: Keyser
I bailed on the unsecured debentures. The10 million 12% secured note matures just a couple of months later - the unsecured probably has a 90 day default. I tried to find out who the respective note holders were - but I assume there is a lot of yield hog retail holding the unsecured note as it is listed. If its the same group, the unsecured holders might be ok. If its a different holder - they will be thrown under a bus by the usual syndicate. Its not a risk I felt comfortable with - when there are so many better places to be.
This could end badly for the unsecured note holders. I can't complain 30% for a relatively short hold - got out mid 80s over several trading days.
I can see this industry consolidating and big tobacco picking over the carcasses - we are a few years and several recapitalisations away.
Have a great weekend.