TSXV:LRT.UN - Post by User
Comment by
quicksilver545on Feb 11, 2022 11:17am
45 Views
Post# 34420342
RE:8 Hours to the Next Postponement
RE:8 Hours to the Next PostponementI don't think major debentureholders want to give up secured debt that could be worth much more in receivership/liquidation, to unsecured equity that trades at a current market cap of 300K.
Why would any debentureholder vote on this deal? We give up secured debt to get equity that barely trades at a market cap of 300K. Makes no sense.