TSX:SOT.DB - Post by User
Comment by
rad10on Nov 08, 2024 2:56am
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Post# 36302519
RE:Debentures
RE:DebenturesForced conversion considerably more likely. Remember they have been in default. Massive dilution inbound. GA owns a lot of them so dilution isn't terrible for someone who wants control of the equity.
Alternative is to pull a Sherritt style PIK note issuance. Either way there is no huge pot of gold at the end of this rainbow.