Post by
ScotiaOne on Sep 01, 2020 8:05pm
How Much Time?
Fellow Longs... based on the recent financing deals and historical cash burn could anyone estimate for the rest of us how much time it buys? Tough to see the SP down here again. GLTA
Comment by
Fedorsbabydik on Sep 01, 2020 8:12pm
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Comment by
Zookie on Sep 02, 2020 12:50pm
There is an a$$-ton of debt coming due Oct 24, I beileve? If something between now and then does not get the share price up a bit - there will be no incentive for the debt holders to take shares in lieu of $. So, we need some combo of the following - positive news, sale/leaseback of THR, restructuring of existing debt, or further infusion (haha) of $ from IB.
Comment by
HawkII on Sep 02, 2020 1:27pm
No debtholder will convert and no potential shareholder will put $$$ in knowing that Sen can pull the rug from under everyone after October 24th. I doubt SPR could even do a sale/leaseback now that Sen has security ... what lessor in their right mind would agree to that lol
Comment by
Fedorsbabydik on Sep 02, 2020 1:43pm
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Comment by
ScotiaOne on Sep 02, 2020 1:44pm
Agreed but of course every infusion leads to dilution. Frankly, I'm surprised it climbed a 1/2 cent today. Happy... but still surprised!
Comment by
fedor604 on Sep 02, 2020 2:15pm
well not many Canadians are selling. The us side will walked down by shorts. i do think mm assests will convert as there tight with Sen and have been manipulating this for a long time now.