InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,477.90
(
0.16%
)
US TECH 100
19,129.60
(
-0.24%
)
Dow Jones
39,127.80
(
0.04%
)
Brent Oil
84.30
(
-0.21%
)
Bitcoin
60,990.05
(
0.28%
)
Post# of 28061
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

Ngas

Send PM Follow Ignore
Followers 0
Posts 26
Boards Moderated 0
Alias Born 10/18/2006

Ngas

Re: kingman post# 26401

Tuesday, 12/23/2008 2:19:30 PM

Tuesday, December 23, 2008 2:19:30 PM

Post# of 28061
I'm no lawyer and have 0 experience in corporate defaults - however what happens to any & everything owned by EDEX (equip, leases, office, ie everything) when we default on the $190k loan outstanding?

One thing I do know is that equity is a lower tier on a corporate capital structure than bonds/loans...

(Disclaimer - my knowledge of this loan's existence is from one of D-Dog's posts. Seeing that he's spot on regarding everything else - I imagine his DD in identifying this loan is accurate.)

Thoughts anyone?




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