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Re: toogoodfella post# 90300

Thursday, 07/30/2020 10:22:34 AM

Thursday, July 30, 2020 10:22:34 AM

Post# of 111616
Lol. The prospectus said so. That is your answer which is also correct because the answer lies in connecting the dots within the prospectus to find the contractual reason.

The CTs are actually dischargable after BHI redeems the preferred shares. Anything short of a full redemption, they have to reissue the subordinated debt back to the CTs via the Nasdaq or major exchange.

The next question is what is the subordinated debt consist of?