GTP
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0.00% 12.0¢ great southern limited

new deal, page-5

  1. watford
    2,123 Posts.
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    14/10/08
    09:00
    Post #: 4385474
    correct me if I am wrong but the re-structure involved turning convertibles into hybrids. By doing this, GTP can give equity back next year instead of cash (which it could not raise); so it is a very bad deal for holders of GTPGA and GTPGB.
    GTP Price at posting: 42.0¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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