TSX:SOT.DB - Post by User
Comment by
pennydredfulon Jan 22, 2023 2:37pm
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Post# 35238642
RE:RE:RE:ARMOYAN BUYS DEBENTURES KEEPS
RE:RE:RE:ARMOYAN BUYS DEBENTURES KEEPS LIkely G.A. intents to force SOT to pay more for these debs. by extracting more favourable terms . All he needs 33% to block it , including his bonds . SLAMs choices are issue units for the bonds at a 5% discount or somehow could up with the cash selling a property and/ or borrowing from a "loan shark" or filing for involintary receivership or reaching agreement with G.A. on the extension terms. You must have heard of the game called CHICKEN . This is it. It is possible there is a 30 day grace period after the maturity that would allow SLAM to further address the issue in the case of a stalemate.