InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,035.69
(
-1.57%
)
US TECH 100
16,940.80
(
-2.13%
)
Dow Jones
37,815.92
(
-1.49%
)
Brent Oil
85.92
(
-1.57%
)
Bitcoin
59,800.84
(
-6.32%
)
Post# of 4800
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (2) Keep Next 10 Report Keyboard Shortcuts
Replies (2) Next 10 Prev Next

Congo Mining

Send PM Follow Ignore
Followers 34
Posts 1880
Boards Moderated 0
Alias Born 03/31/2015

Congo Mining

Re: theslybat post# 391

Saturday, 04/16/2016 8:43:03 AM

Saturday, April 16, 2016 8:43:03 AM

Post# of 4800
No not exactly. The debt that I bought has the right to petition in bankruptcy court. I've run all the calculations and I believe that...

1. They will make one more bond payment.

2. If they don't make another bond payment that there is enough value there that I will get a good chunk of equity in the new company.

3. But could be wrong and would not recommend to anyone else.

4. Sold all common shares. There is way too much risk there.
Public Reply Private Reply New Post
Keep Last Read
Replies (2) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (2) Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up