First paragraph says maybe ....but second says NO (as a SPP)
Immaterial - dilution was about 10 million shares on top of 74 million shares - quite a lot I reckon. The $3.75 would be reduced to about $3.26 (my calc) in theory to keep things fair (?)
If second paragraph is the gospel according to Turners then have we been 'screwed'?
No question whatsoever that bondholders have been materially disadvantaged.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
Originally Posted by winner69
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