Fortress Global Enterprises Inc - Class A FTPLF

debentures proposal

[rad10]

looks like they need an extension.

[Contrarian333]

If they can get this extension done on the terms proposed it will be a real coup.  The mill generates $1m in EBITDA per week even at current dp prices and the current cost base.  As reliability improves and when we get the ineviatable dp price rise - the torque in this equity remains astronomical.

[rad10]

not a particularly generous offer and no change to the conversion price.  sleazy early acceptance fee too.  This seems to be the new normal - gaming the holders.

[pjrocksmb]

I hate this deal, not great at all and it's clearly reflected in the SP of the DBs now Not sure if I'll wait for the vote or sell now

[Contrarian333]

Way to late to sell.  Time to buy for an approimate 10% running yield or swap for the equity which retains massive leverage to an increase in the dp price.

[CHECKMATE77]

I like it , I like it a lot do not care about conversion ...I just bought 10 k worth. Not a lot but at 83 bucks I get a 9.6 yield and a capital gain in 3 yrs.

[pjrocksmb]

likely a pretty good pickup at 83

[pennydredful]

dec.    31     2022     is      4   years    4  months   away. 

[rad10]

Don't bank on the capital gain!  History has a habit of repeating itself.