I see they still trade. Piqued interest of inquiry. Is Class 5 a BK term, or position in line of rights to recovery? Or something else. Sandridge unsecured will get 15% of commons, is this correct as I remember reading previously?
How do you see this translating into gains upon conversion, relative to current and your average bonds acquisition price?
And/or how about over time once converted? Sounds like you're inclined to hold longer term with Sandridge as with Titan Energy.
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