More Debt to Pay DebtThe latest press release is so funny. Canso is basically giving them even more debt to satisfy the interest on the current debt. There will be even less free cash flow to equity holders....wait there is nothing less than zero anyway.
Canso basically owns 99.9% of this company and there isn't eneogh float to move this stock.
Why isn't this a private corporation? How is Canso valuing this investment for their shareholders? Everything is worth the present value of its future cash flows so technically Canso's investment is worth zero!
Maybe if they had a CFO they could figure out that paying debt with more debt isn't good
Great job Barry Card! Stock is down 50% from when you were hired and the company has more debt.