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Yellow Media Inc T.YLO



TSX:YLO - Post by User

Yellow Media Inc
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Comment by myNEXTmillionon Nov 09, 2011 6:44pm
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Post# 19224244

RE: RE: RE: Cutting Pref's Dividend = More Debt pa

RE: RE: RE: Cutting Pref's Dividend = More Debt paHey, why not stop paying the interest on the bonds and debentures?

You just don't get it.  It is the message it would send to the bankers and the investment community.  IT IS LIKE A DEFAULT ON THE DEBT !!!  The credit facility would be PULLED !!!   That is why the BANKERS did not insist those dividend payments be stopped.  It is DEBT and not so much as an equity issue.
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