Hi Mikes
Isnt there a floor price on the convertibility of the GNSPA? Not sure if that comes into play but I am sure you can provide further details.
I think the sensible thing for the GNS directors to do would be to stop paying the coupon on the GNSPA for a period of 2 years, similar to ELD and Paperlinx. I believe they have the right to stop distributions at their discretion if I am not mistaken. Would seem like a sensible next step to me for them to take in the 2012 financial year if the pulp mill doesnt come off.
Lord
- Forums
- ASX - By Stock
- could gunns go bust!?!
Hi MikesIsnt there a floor price on the convertibility of the...
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)