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Bullboard - Stock Discussion Forum Arcan Resources Ltd ARNBF

OTCPK:ARNBF - Post Discussion

Arcan Resources Ltd > paper or cash for Arcan
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Post by carlos6 on Feb 02, 2012 3:21pm

paper or cash for Arcan

I will take either, but why would CPG pay more than the convertible deb. is offering?

carlos

Comment by coorsman on Feb 02, 2012 3:30pm
"why would CPG pay more than the convertible deb. is offering?" ============================================== carlos, the conversion price of the debs has no bearing on any potential buyout price. That conversion price was simply set at a premium to what the share price was trading at when the debs were issued. I just think that as some are willing to pay a premium for the debs, they ...more