GJT galileo japan trust

its alive......, page-11

  1. 5,803 Posts.
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    I think the FORUM actually can choose to have their principle OR convert to up to 40% of equity. So I think I am wrong to say they can do both.

    But you can see they can do whatever is best for them.

    And the fact that they get 15% a year interest for four years makes them a no lose BIG BIG BIG win possible scenario.

    Shareholders are in a win or BIG BIG BIG lose scenario.

    What concerns me is NO BANK in Japan was willing to give decent terms. This tells you a LOT about the way banks are operating right now.
 
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