TSX:SOT.DB - Post by User
Comment by
pennylane101on Jun 27, 2024 3:30pm
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Post# 36109506
RE:Waiting how this will unfold
RE:Waiting how this will unfoldHow safe are the debentures? It really depends on how much the properties are worth when and if the company files for bankruptcy. The secured creditors will get paid first, followed by the debenture holders and the unit holders will get whatever is left over.
As for the price differential for the debentures, the 9% debentures are obviously coveted by investors --- makes no sense if the company is going down the tubes, but there ya go.