for those not in the know, specifically me: A debt/equity swap is a refinancing deal in which a debt holder gets an equity position in exchange for the cancellation of the debt. The swap is generally done to help a struggling company continue to operate. The logic behind this is an insolvent company cannot pay its debts or improve its equity standing.
1PG Price at posting:
16.5¢ Sentiment: Hold Disclosure: Held
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