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Re: gater post# 11840

Friday, 08/05/2016 9:38:17 AM

Friday, August 05, 2016 9:38:17 AM

Post# of 24335
That and MM's cleaning up imbalances in the market. The debt holders are doing just fine...the get their shares at 58% discount to current prices so they can dump into the bid at 2 and still make decent money. Plus most are getting prepaid interest of 12%. By October about 1.6b shares of convertible debt will mature at these prices.