Post by
seriousinvest on Oct 06, 2015 1:45pm
The debentures?
I am assuming the CUS debentures will remain outstanding. They are out of the money so I assume the conversion privelege in effect vanishes but now they will be guaranteed by a much stronger entity. Are those assumptions correct?
Comment by
theshifter on Oct 06, 2015 2:06pm
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Comment by
Kherson on Oct 06, 2015 2:13pm
Very interesting post shifter. It would sem that you have posted inside information here! So SPB will be issuing more equity at a later date to cover some of the bridge loan! Does not issuing more equity dilute the present shareholders? No wonder SPB's share price is tanking today! That $1.70 perceived value for Canexus shares is getting further and further away from reality! Kherson
Comment by
theshifter on Oct 06, 2015 2:16pm
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