OTCPK:TOUBF - Post by User
Comment by
arisaig1on Dec 13, 2011 1:43pm
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heidi369
heidi369 In answer to your question as to why Sino won't be paying the December 15th interest. Sino likely has the funds and could make the payment. However, they will be in default as a result of not issuing Q3 results, and it would would be irrelevant if they made the $9 million interest payment. So they with hold the payment while they enter into negotiations with the bondholders on restructuring the debt. Got it?