TSXV:LRT.UN - Post by User
Comment by
BobTheKnob2on Feb 11, 2022 4:38pm
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Post# 34421936
RE:RE:RE:RE:When the lenders come knocking...
RE:RE:RE:RE:When the lenders come knocking...What may a fascinating and high-risk, but potentially lucrative idea, is if a third party purchased let's say 10-20% of the equity. Then go hostile and make a move on the whole company including the debentures. hopefully have the whole deal wrapped up in two months.
That company could potentially roll-over the debentures into the new corporate entity when they come due (June 2022?). Make a deal to bring the debentures current as part of the takeover.Roll-over the debentures, which would result in one less thing to refinance and buy time. Then work like a madman possessed to refinance all the debt by summer/fall and clean-up the corporate entity.
Just a bit of dreeaming here. Wish I had a lot more cash in my jeans right now.