RE:RE:RE:Ah poor Death Pool ,you missed covering at the bottom ? OK now I don't know a lot about the bonds and I can't speak for death pool, but you just confirmed in this post that you know less than me. Bonds at a 12% yield are screaming that the company is in dire straits. Bonds at a 30% yield - and they closed at higher today according to the twitteruniverse - say bankruptcy. If bondholders don't get anything, then the common stock will gets fucccked without saying. This is the hierarchy - Banks before bondholders, bondholders before equity common stock holders. The secured note holders have already lost 14% and they were just issued. Anyone shorting the bonds have done well, Junior, and it is not principal repayments that will do this company in its the INTEREST on the debt. But we all know you are still underwater so I would chill out as anything can be around the corner for this stock as we all have seen!
juniorbullalive wrote: Oh thats a terrific idea ,short paper with a 30 % rate for 6 years - wouldnt you lose approx 100 % every three years genious- maybe youve been boxed too many times upside the old mellon - PS theres 500 million cash here ,no major principal repayments due until 2021 and cash flow positive -and ya , you know what ? I am enjoying the 100 % gain since Thursday ! Kinda sweet actually ! How you doing Deathnuts ?