GREY:MLKKF - Post by User
Post by
Sharpie009on Jan 30, 2009 6:30pm
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Post# 15741783
Hope alone won't get the share price up
Hope alone won't get the share price upLike I said before the key drivers will be the commodity prices and the production rates. If these two variables combined are not good enough to create a situation where the ratio of EBITDA to interest expense exceeds 1 for any quarter commencing after March 31, 2009 then a cash sweep will be triggered. Plain and simple. 5 consecutive quarters of the ratio falling below 1 will create a default situation. Don't think that will happen but unsure of the cash sweep. If there is any of the 23 million left in the bank account at the end of June 30, 2009 and there is a cash sweep kiss the money goodbye. Thems the facts.