Post by
slewfoot2 on Jun 11, 2024 10:12am
so
KW, u bean in a few of these lol... slow learner eh?
here is the thing, if they were close to reaching production and close to solving water and geotech issues they could have easily obtained some moar funding either by pala, or a private placement.... no tea leaves just common cents....
the DIP financer now has top priority... meye guess is the dip is somehow connected to pala.... remember kfw had top priority before , and pala debt is mostly ( all?) unsecured....
but kent I agree commons will get zero....
Comment by
KentWilkens on Jun 11, 2024 6:35pm
Yep slow learning, but like longshots. So doing longshots you might do really well, but losing all a definite possibility. Other longshots or mediocre deposits i have done very well with. Sone looked way worse than ncu. Anyone that thinks that 0 for shareholders isnt a significant possibility is just deluded. KW
Comment by
nofluff on Jun 11, 2024 6:52pm
Well. Call me deluded kw. Of course, anything is possible. I doubt the major sh of Pala and friends r very interested in fleecing the tiny ma and pop group. They appear to have given control to Elliot and triple flag. Things could b, just as the math indicates. Nf
Comment by
mckayk3 on Jun 11, 2024 6:57pm
I agree that fleecing retailers is pretty insignificant here. We're a tiny tiny fraction of the picture. The main players are arguing on capital structure. Chp 11 just provides everyone a fair process.