Reality Check So Gran, Tierra previously had outstanding US$587,590,000 aggregate principal amount of 9.500% Senior Secured Amortizing Notes due 2029. Now with the added $150 million, that will be $737,590,000 total in debt at 9.50% due 2029. That’s practically ¾ of a billion dollars. Immagine that!
Oh, plus the additional shares they will create and dilute the common GTE long time shareholders. This is how the GTE management creates value for the average shareholders!
Looking back now, I should have gotten out then at the $14.23 per share mid June at a loss!