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pathan786

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pathan786

Re: eyeownu post# 2670

Thursday, 03/11/2010 12:37:49 PM

Thursday, March 11, 2010 12:37:49 PM

Post# of 15495
I agree with that, but the question was - Given the size of WL, if they do NOT convert debt to equity and let the debt default, would WL go down ? Why would they get hands dirty if its not big enough to affect their survival.

slawmd27 addressed it a bit that it would lead to 50% rise in stockholder equity.
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