OTCPK:PGMFF - Post by User
Comment by
UptickHedgeon Jan 06, 2023 1:22pm
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Post# 35207329
RE:RE:RE:RE:RE:Company was not in compliance with its covenants
RE:RE:RE:RE:RE:Company was not in compliance with its covenantsHi Sherry
as per your quote here..
'Another option is a major makes an offer to acquire the company through common share purchase at 10 to 35 cents - all debts erased'.
Can you provide a path how this might take place as it applies to PGM - ie how would priority of funds received not pass thru Sprott Lending secured debt first? Unless an acquiring company assumes the debt structure of course (which would be unlikely), how/why would Sprott Lending secured debt ever be circumvented?