TSX:SOT.DB - Post by User
Comment by
rad10on Nov 14, 2024 4:59am
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Post# 36312084
RE:RE:RE:RE:RE:RE:An offer from GA
RE:RE:RE:RE:RE:RE:An offer from GA
Tree2tree wrote:
Good digging Penny. This appears to be for some other debentures, not our listed debentures. Chances are there is similar language for all the debentures - I will check SEDAR when I get a chance. This clause would make the debentures even stronger than I thought. It also makes a takeover more challenging - the buyer will have to line up alternative financing to pay off any debentures they don't own. But by doing that they will also bring the overall debt into line - so two birds with one stone so to speak. If some entity is planning a takeover, they could be buying debentures on the market to reduce their overall cost of acquisition.
good digging????? You bought debentures without even looking at the indenture? You just blindly buy busted converts without knowing anything about them?
Tree2tree...... what due diligence do you actually undertake? You pontificate nonsense on this forum, and bash the views of others - yet you have done minimal homework.
Is "Art of the Deal" the limit of your investment research?