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Fangster

12/11/16 1:31 PM

#31419 RE: hawkmd #31418

I think your simplifying all this but regardless of what you think you read in investopedia, unsecured convertible bond holders that 'held' from at the BK date rank ahead of commons.

Its possible anyone that bought the unsecured bonds post BK may be in a different position due to a 'market discount' issue but I would need to do more research on this point.



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Picks77

12/11/16 2:03 PM

#31420 RE: hawkmd #31418

When do they expect to come out of BK?
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Hugodrax

12/11/16 3:06 PM

#31423 RE: hawkmd #31418

The convertible bonds rank senior to equity.


Lol!