dagger Posted June 11, 2003 Share Posted June 11, 2003 Still don't thing the situation is desparate? http://www.newswire.ca/releases/June2003/11/c2107.html Link to comment Share on other sites More sharing options...
dagger Posted June 11, 2003 Author Share Posted June 11, 2003 In such circumstances, it is highly likely that a substantial portion of the company's unsecured debt will be converted to new equity and that there will not be any meaningful recovery to existing equity of the Company. Translation: The existing shares will be worthless. Link to comment Share on other sites More sharing options...
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