ROLTA wrongly prioritizes Stockholders ahead of Bondholders

We are pleased to see that Rolta (NSE:ROLTA) has reported steady and improving profits, as well as free cash flow, when comparing its year over year numbers.  We welcome this continued vigilance, but the company’s absurd proposal to their bondholders in regard to a debt restructuring is a wanton disregard for their (bondholders) senior claim on company assets, and should be NOT be taken.

Distressed Debt 1 has a Compound Annual Growth Rate (CAGR) of 40.04 %

  Click to see December 2017 DD1 Tear Sheet Performance Distressed Debt 1 has a Compound Annual Growth Rate (CAGR) of 40.04 %. Distressed Debt 1 was Rated the 2nd Best Performing Hedge Fund based on CAGR out of a Database of over 9000 Hedge Funds by on 1-19-2018. Distressed Debt 1 believes it is very well positioned for a strong 2018, and the overall market for distressed issues looks to be improving. For more information or questions concerning Distressed Debt 1 (DD1) please ask here, and we will try to get back to you shortly.

Gran Colombia Bondholders Should Vote Against New Plan

Gran Colombia Gold (TPRFF) has reported strong first half of 2015 results, including a 6% year over year increase of revenues and a 25% reduction of all-in sustaining cost (“AISC”), which resulted in an adjusted net income of $0.13 per share, compared with an adjusted net loss of $0.54 per share the first half of the year prior. We expect that the increase in 2015’s gold production, coupled with the reductions in total cash cost per ounce sold and G&A expenses, will continue to result in increased net income. As a result of this, Distressed Debt 1, LP has taken a position in the company’s 5% senior unsecured bonds (the Silver notes, due in August of 2018), and we oppose the company’s debt restructure proposal under the Business Corporations Act Read More …