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54.5¢ slater & gordon limited

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rosencrantz

2,812 Posts.

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28/03/17

09:00

Post #: 23666469
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Originally posted by HaveACrack30 ↑

Hey mate,

Basically a debt for equity would be the lenders taking additional shares put on the register as a swap for repayment of the debt.

At the moment there is 352m odd shares on the register. Whatever shares you own, you maintain but there may be multi-billions of additional shares added to the register. This means your existing shares are a smaller piece of the pie.

The deciding factor would be how many new shares are issued and at what price which will dictate the value of the existing share resister (5%, 10%, 20% etc).

Do a bit more research and before you make your decision. Its important you understand what is happening here. Hope that helps.

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a debt for equity would be the lenders taking additional shares
not necessarily
It would likely be a series of convertible notes with varying conversion prices tied to the NTA.

SGH Price at posting: 13.0¢ Sentiment: Buy Disclosure: Held
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