MrX2: How do I know You asked, "How did you know there is only a little chance of default?"
With all due respect, you misread my post. Your question rests upon a premise which is not based upon facts in evidence. You see I never stated that I knew and know. I stated (verbatim) "Perhaps a short term worst case scenario is that MMB will get a new subordinate bridge loan to cover 100% of capex for mid-June to mid-September, 2012."
No, I am not a barrister nor a solicitor. But I know that when someone asks "Have you stopped beating your wife?, to just remember what Socrates said about answering leading questions:
"All I know is that I know nothing." For all I know, there is nothing wrong with knowing nothing. That puts oneself a step ahead of the herd on Stockhouse. Perhaps.
Socrates is my mentor. I think, but what do I know? I think, therefore I am. But what I am, I know not. Such is the life of a Baja stockholder these days. Oh me oh my.
"I'm wild again, beguiled again
A simpering, whimpering child again
Bewitched, bothered and bewildered - am I"
Ella Fitzgerald.