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This carnage is worse than the Red Wedding. Caught a falling...

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gee321

30 Posts.

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17/04/19

14:22

Post #: 38182445
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Originally posted by pikel1980: ↑

Oaktree won't convert the loan, because their conversion price is $1.80 or something.

They will just demand payment and the directors of BLA will put BLA into administration, the assets of BLA will be put up for sale, Oaktree will place a bid on the assets for whats they are owed or they will make an offer for the parts they want.

One of two outcomes for Oaktree at that point, they own the assets or a mysterious buyer rocks up and offers more than Oaktree and Oaktree get paid. The process will take about 3 to 6 months.

40+ million profit in 12 months - Boom.

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This carnage is worse than the Red Wedding. Caught a falling knife BLA(H)!

BLA Price at posting: 30.5¢ Sentiment: None Disclosure: Held
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0 Great analysis

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