Classic Loan to Own play for Oaktree. Just a question as to when, not if.
I said this upfront when complaining as to how the BLA Board could contract with Oaktree without a full approval from shareholders (the shareholder approval came after the Board locked in the Oaktree debt deal - shareholders were only asked to consider the conversion to equity element, but not the broader package of debt). The BLA of Board were completely negligent (again)
BLA Price at posting:
64.0¢ Sentiment: None Disclosure: Not Held