It’s becoming a little clearer every day as to why gold continues to set records. Debt financing problems in the financial system don’t appear to be going away.
RealTruck’s response to its debt crisis has centered on aggressive restructuring. In a notable move, the company executed a debt-for-equity swap, converting its 0.00% 2027 Convertible Notes into 7.00% 2030 Senior Secured Convertible Notes. This maneuver reduced principal debt but came at the cost of issuing over 316 million new shares, diluting existing shareholders and sending its stock to record lows…
RealTruck’s journey through its debt crisis exemplifies the high-stakes calculus of corporate restructuring. While its debt-for-equity swap and cost-cutting measures have stabilized liquidity, the company’s reliance on volatile markets and its elevated leverage ratio remain significant hurdles.
The subject going with “flavour-of-the-month” solutions such as electrification shows it’s simply a follow the herd over the cliff outfit. This Aime outfit doesn’t sound too intelligent either. It sounds like another version of the mis-named Economist.