Posted On: 05/09/2016 9:31:28 PM
Post# of 9903
Re: bigmoneytrader #8032
Sooah
Monday, April 22, 2013 3:43:23 PM
Re: janice shell post# 150748
Post # of 165930
Missing the point. Novamex has to be paid in full. The debt owed to Novamex is too big hence a reverse transaction has to occur, so conversion from debt to equity in this case. The reason as stated earlier is simple. On a APA MSJ does not have to assume debt associated with any of SRGE's properties. Simple? Yes, it is.
Monday, April 22, 2013 3:43:23 PM
Re: janice shell post# 150748
Post # of 165930
Missing the point. Novamex has to be paid in full. The debt owed to Novamex is too big hence a reverse transaction has to occur, so conversion from debt to equity in this case. The reason as stated earlier is simple. On a APA MSJ does not have to assume debt associated with any of SRGE's properties. Simple? Yes, it is.
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