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clock Created with Sketch. 08/08/24
07:40
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Originally posted by the trickster:
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Paladin. Had $361 mln debt vs $80 mln market cap with $21mln in the bank. Shareholders took a massive hit but then went to be. 35x bagger from price where it went into administration. There are quite a few companies who have come back stronger and shareholders have done well.
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”In terms of the DOCA, 98% of Paladin’s shares have been transferred to creditors and other investors and only 2% are retained by shareholders. If a shareholder held 10 000 Paladin shares before the restructuring, they will now hold 200 shares.”
(20min delay)