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Posted On: 07/29/2017 3:21:58 PM
Post# of 1514
My guess is the terms for the toxic debt conversion to preferred shares will be announced soon after the second quarter results are in, since it will not play a part in the 10Q filing (?)- why waste the impact of the news .
Also, I doubt there has been enough time to actually make much money from the Big Red purchase, so don't expect that to positively effect the bottom line. Just how the continued debt reduction (?) actually will effect 2nd quarter results is not a slam dunk home run like some of the more enthusiastic posters are saying. We'll see.
It will be interesting to see how much of the toxic debt is converted, since no one is obligated to do so. It will take very favorable terms to get all parties to switch over. I imagine the time element will be a factor, as well as the promised dividend . The company will have to give away something to get something in return. Everyone will benefit, but some people usually benefit more than others.
Also, I doubt there has been enough time to actually make much money from the Big Red purchase, so don't expect that to positively effect the bottom line. Just how the continued debt reduction (?) actually will effect 2nd quarter results is not a slam dunk home run like some of the more enthusiastic posters are saying. We'll see.
It will be interesting to see how much of the toxic debt is converted, since no one is obligated to do so. It will take very favorable terms to get all parties to switch over. I imagine the time element will be a factor, as well as the promised dividend . The company will have to give away something to get something in return. Everyone will benefit, but some people usually benefit more than others.
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