lol you are missing the point so please allow me to explain. I’ll make it as clear as possible and hopefully you will understand.
Noteholders can elect to redeem the notes into cash. However, how can the noteholders get their cash when the company isn’t in a financial position which allows them (the company) to make such repayments?
If the noteholders elect to redeem their notes into cash, and the company does not have the cash and is therefore unable to pay its debts when they fall due for payment, the company is technically insolvent.
If the company is insolvent, the noteholders’ chances of getting their cash back are even lower. Hence my initial comment, it’s better to take a 30% loss than a total loss.
All in my opinion.
- Forums
- ASX - By Stock
- Ann: MYQ reaches agreement in relation to convertible note debt
lol you are missing the point so please allow me to explain....
-
- There are more pages in this discussion • 19 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AHI (ASX) to my watchlist
|
|||||
Last
9.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $22.73M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
AHI (ASX) Chart |
Day chart unavailable
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online