Post by
sthinei on Nov 15, 2021 5:53am
Aleafia should be able to work
Something out on the debt. Last year at this time they also had the $25 million in 8% debentures that they paid off with cash. Which reduced their interest expense by $2 million per year. Good that they only need to address one set of debenture tires as opposed to multiple making it easier to negotiate with. They will need to be able to lay a groundwork for remaining holders spelling out prospects for the company or prospects for a sale at higher share prices if given additional time thereby ensuring that debenture holders are not totally burned. Myconic seems to have been a crappy deal. Maybd dumbo Ben8c was hoping it would run to $5 instead of to .50. In which case shares would have been $35 million. They are unlocked now and unencumbered but underwater. They can sell their Australian operations and some of their other non core assets. Hopefully they reap better price per gram out of wholesale this year helping to boost share prices prior to negotiations with debenture holders.
Comment by
rad10 on Nov 15, 2021 6:12am
12% on a relatively small secured credit facility that is fully tapped out should tell you all you need to know. Did you notice a million warrants were thrown in? Next stop payday loan or pawn shop.......
Comment by
KeyserShoze on Nov 15, 2021 6:31am
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