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Gold/Mining/Energy : Royal Oak-RYO -- Ignore unavailable to you. Want to Upgrade?


To: JCgold3 who wrote (863)3/29/1998 4:27:00 PM
From: Bill Jackson  Read Replies (2) | Respond to of 1706
 
JCGold, Your scenario is viable as the Kemiss high notes can be replaced with evenly spread high notes and bring the unsecured to an equal footing around the table.
High rate people can always be paid off by others, possibly with a small penalty for early prepayment.
This would indeed please the low on the totem pole people and they might just ante up to do it, esp with a sweetener.

Bill