RE:Many PE firms trying to work out a dealWhy would Cxr not do a public capital raise with an underwriter if they needed cash? Thats the whole point of being a public company! Would no one underwrite it because there is no funds willing to buy? This a huge red flad when a public company goes to pirate equity for cash. Read into it anyway you want but you don't get favorable terms on a payday loan and if they don't get money something tells me this will go south very fast.
fundtrader wrote:
i am sure they are not stupid, cohen almost holds a 6% position in here and so does many teachers pension funds , military funds , etc . I think if u make this into a long term investment at these liqidation prices, it automatically becomes a value play.