While the retirement of convertibles should be hug
Post# of 2022
(Total Views: 249)
Posted On: 06/25/2018 7:29:20 PM
Re: Silver Bandit #1259
While the retirement of convertibles should be huge without details not so sure. To buy them out absolutely required a premium but at what extent is a $64K question. We already know that originally diluted over 10 Mil shares for 3 years maximum unless the PPS went below .75 a share which would be a complete embarrassment to management if that were to happen..In the event dilution is greater than 10 mil under any scenario would be devastating IMO however ii was refinished. The floor at .75 really was impenetrable with everything happening. FWIW, without a traditional loan here I see no advantage to pay a premium to buy out floorless note holder.with a solid future and virtually no chance of a renegotiation at .75 Probably pissed away more money on a new deal. Hopefully not as I sit on 150K.
PS Management please make us believe you understand financing. Please prove me wrong and show some traditional financing and not diluting over the original 10 Mil shares.
PS Management please make us believe you understand financing. Please prove me wrong and show some traditional financing and not diluting over the original 10 Mil shares.
(0)
(0)