RE:RE:Face value eliminated debt?Royal10 wrote: You're right rad10: just read this from PR of Dec. 21/2022:
Red White & Bloom Brands Inc.'s board of directors has approved the settlement of $10,475,000 in debt related to arm's-length financing through the issuance of common shares at a price of 47 cents per share, representing a premium of 370 per cent to the company's closing price per share on Dec. 20, 2022.
This represents a strong BUY SIGNAL on RWB, trading today at .10!
I bought a strong position in RWB in the last few days!
Good luck Rotal10
if debt holders higher up the capital food chain are prepared to take that big a hair cut, it is safe to say your capital is at risk.
You must be down 13.5% already!
2023 should see several of these companies throw in the towel.