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Sagres Energy Inc V.SGI



TSXV:SGI - Post by User

Comment by petersburggrayon May 03, 2023 8:27am
149 Views
Post# 35426988

RE:RE:RE:Has Collins Street called in their $10 million debt due?

RE:RE:RE:Has Collins Street called in their $10 million debt due?I reread the bond indenture. Sgi recent victory at wasc will result in the conversion price being reduced so should Collins Street convert the bond to catalyst shares, the number of catalyst share they receive will increase based on mathmatical formula in indenture. In any case bond mature in about 12 months so this $9.075mm vango liability along with the $5mm owed by vango to the ccp are current liabilities.
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