BBDB859 wrote: Give it a rest Jim.
Highlighting in yellow is a bit annoying. You're a smart guy. Fill in the spots. Do you have to be spoon fed with everything. Yes they are getting rid of Bond #097751BJ9 with the offering dated 10/2022.
Here it is.
-C1R774AB1 - Paid in full. $486.6 (05/2021)
-0097751BP5 - $61.1M left over (12/2021)
-097751AY7 -$181.2 left over (03/2022)
-097751BJ9 -$1.2 remaining (10/2022). This is the one paid by the offering.
-097751BF7 -$1.23 remaining (01/2023)
So they've done their math, and they'll have to get rid of $1.23 in 2023 with cash on hand. Or worse come to worse depending on their cash situation they'll refinance it when they do their remaining cash total, and when they figure out what they'll need to run BA.
We are in great shape on the debt for the next 3 years. We have a problem with the +FCF Quarters right now. If they don't get their act together soon? We may see a refinancing of that 2023 payment, because of the cashburn. That is our problem. It's not an easy one for this company, either. They always seem to misjudge things. if not for BD we may still be in bad shape.
I've been here since 2016. I'm just now pissed for not getting out in 2018 for $5.48. The point is that I ended up loading up instead, but this could still work out. The jury is still out. Like I said. We need PROFITS, PROFITS, PROFITS.
Jim99999 wrote: This offering ($1.2B) will cover about half of the remaining debt due by Jan 2023.
Jim
BBDB859 wrote: Hey Bicente.
I hope you're right buddy.
Because this year is going to tell us where this outfit will be going.
I'm not even worried about the debt any more. With this offering we've kicked the can down the street to 2024. Now all I care about is the cashburn/usage.
You'd think that they would be spending 24/7 trying to figure out how to make this company profitable.
But I think that they might still have issues with old remaining/lingering shite from BT, and some other divestitures. Which we're not being told. Or maybe just some remaining skeletons in the closet from development costs in the Global 7,500 & or CSeries. Who knows? I'm just guessing here. But $400M is huge for cashburn. When it happened in Q1, I had thought that, they wrote off the $400M because that's what they got less from Alstom for the BT closing. So they couldn't pay $400M of commitments with that $400M loss of BT closing revenue. But those funds should be in dispute. Bombardier said that they would dispute it. I'm pretty sure they were banking on that $400M cash to pay some things off. When they didn't get it. That's when when shite hit fan.
Oh well all that is behind us now. Let's see what they do in Q2.
Honestly I'm not even worried about the 2.4B share float anymore either. Why? Because they can easily fix the proble by a 2 for 1 forward split @ $5 a share, if and when it gets there (to $5 dollars I mean). So we jump up to $10/share. it's better for the share image.
BRP as you are saying is a good lesson for them. But can they start to make profits here??? That's the key. The key to better ratings, The key to EPS, the key to higher share prices, the key to investor confidence, the key to keeping LTD boogeyman away from the door. If they can eventually get us up to $100/share, like BRP, and a float of 1.2 shares. Then I'm happy. Otherwise this stock was a colossal waste of time. I'd rather have stayed with AMD, or even Blackberry, or even Berrick. I hate to regress.
I'm heading to the course. scotch and cigars with friends, to drown all my sorrows.