GREY:SCSZF - Post by User
Comment by
idleSpeculatoron Jun 10, 2004 8:40pm
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Post# 7598538
RE: truth
RE: truthCheck out AVCAN / OPG.
Optimal geomatics took lareg chunk of AVCAN (now v.OPG) by calling in a debenture when money was tight. No attempt was made to do a PP from what I remeber. Suddenly shareholders got 1 new share for 10 old ones, compnay renamed and debenture holders witht he lions share of the compnay for the price of a relatively small loan compared to what had been pumped in by investors in PP's.
Spinner, we same be having the same conversation on two boards, I am much more worried about the other compnay than SCS at this moment in time. But wil be watching next financials carefully and will reconsider holding if we see more of these debenture loans here.
Idle