TSX:SOT.DB - Post by User
Comment by
rad10on Nov 13, 2024 12:26pm
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Post# 36310535
RE:RE:RE:An offer from GA
RE:RE:RE:An offer from GA
HRc60to65 wrote: The debentures can be exchanged for preferred shares.
If the buyer has an excess oft equity over debts superior to 250M$ he has enough equity to takeover SOT without putting a penny in the transaction. 1$ per sot.un paid in the buyer shares.
How many capital restructurings / reorganizations have you been through HR?
Using this forum to discuss fantasies is all very well. Debentures have a change of control clause.
This is heading to a restructuring. After the secured lenders have been made whole, the remainder will go to debentures.