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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: gg cox who wrote (237781)	4/15/2015 10:58:28 AM
From: ralfph	Respond to of 312951

*PDL* - puts new meaning into the words "run away run away" So what did the insiders do with their shares about 6 weeks ago? Bet you they are not holding any shares. All amounts owing to Brookfield will be converted into into equity, resulting in Brookfield owning common shares representing 92 per cent of the common shares outstanding on a fully diluted basis after giving effect to the recapitalization. The 2012 and 2014 convertible debentures will be converted into equity, resulting in holders of convertible debentures owning common shares representing in aggregate 6 per cent of the common shares outstanding on a fully diluted basis after giving effect to the recapitalization. Existing holders of common shares will own 2 per cent of the postrecapitalization common shares outstanding on a fully diluted basis. The company's outstanding warrants and options will be terminated. After completion of the recapitalization, the company will undertake a $50-million rights offering to raise equity, pursuant to which all shareholders at that time will be able to participate. The $50-million rights offering will be backstopped by Brookfield and other parties. Employees, trade creditors, equipment leases and suppliers will not be affected. 2 % , your shares will be worth 2% of what they were worth yesterday, what a screaming deal.