Shareholders receive a warm fussy feeling knowing they have given away a valuable business to US bond holders for a fraction of its value. We also get another warm fussy feeling in a couple of years when the bondholders on sell the business at its true value. We may even have the opportunity to buy back in to our own business.
We could run a book on when the business will be on sold. My tip is first quarter 2021.
QIN Price at posting:
29.5¢ Sentiment: Hold Disclosure: Held