I enjoyed your post Sharks37. With reference to your comments "BLY is certainly one of the companies that I have picked as being a good bet" I have the feeling that the debt issues should be sorted (or partially relieved) in a worse case scenario by a capitail raising. I have OZL shares where debt issues have had massive implications on the share price and business and the Board there didn't even entertain a capital raising. I could only imagine that this is because they got negative feedback from institutional investors. Now the Board of BLY seems positive about a capital raising if in the situation that it is needed. I can only presume that they have sounded out their instituional investors and had positive feedback on this situation. Whilst our shares would be diluted in this more negative of situations rather than a debt rollover etc, surely this would ease the debt risk that the company has so therefore reduce our risk as shareholders. With the low share price at the moment, my uneducated view would be that our money invested at these prices would be fairly safe, and as what I have think you have suggested - a good bet
BLY Price at posting:
9.7¢ Sentiment: LT Buy Disclosure: Held
