GREY:ALEAF - Post by User
Comment by
sthineion Nov 19, 2021 5:44am
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Post# 34144349
RE:Debentures…..
RE:Debentures…..Rad aren't the debenture holders unsecured? The secured debt that they have is the $10 million 12% one year credit facility. As such it is in the debenture holders best interest to work something out with aleaf or push for a sale of the company. They are likely figuring they are not going to get all of their money back hence the discount on the debentures. So what do they do? Either extend terms or negotiate a lower conversion price if they see a good path forward for higher share prices either via improved operational performance or acquisition. Germany legalization and EU GMP will go a long way in helping improve prospects.