MST metal storm limited
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unsecured debt?

  1. BarneyMaroon
    158 Posts.
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    03/12/09
    23:50
    Post #: 6001627
    Why on earth would stump up equity *and* 17.5M of "unsecured debt" to MST?
    Given the massive risk, wouldn't it be better to take that as equity? It seems as if you have massive downside risk (default) with little upside? That part of the deal looks suss.
    MST Price at posting: 2.5¢ Sentiment: Hold Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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