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Re: geodan post# 769

Sunday, 11/20/2016 6:09:23 PM

Sunday, November 20, 2016 6:09:23 PM

Post# of 3024
Hi geodan!

It's really hard to say to be honest. I have a feeling that even the management doesn't really know what the result will be at this point. The strategic reviews can end up with anything. It just gives them financing options to explore.

I recently experienced it with Amaya inc (AYA:TSX). Amaya got into discussion with another company, William Hills for a buy-out, but the deal didn't go through. After almost after a half year of speculations, the review basically didn't offer much on the table.

I highly doubt they would forcefully convert the shares unless they got problems with cash flows though. As a shareholder, my best bet is for the company to get a new financing deal and buyback the convertible 2020 debentures. Otherwise, I might have to consider selling the shares.

Hope this helps! Happy investing :)
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