2009 Cash Flow YTDI do believe that the theme of Liptons message next week will be "what are we doing right now" not 4th Q 2008. The only thing that makes sense in this presentation is to explain to the world what sales are and should be for the 1st quarter. Only great sales can truely bail out Nova from their current predictimant. By announcing what should be a very good quarter now maybe they can get extensions on the money owing.
Really as we all know if they do have a good quarter going the 200 million owed can easily be payed without new stock issues, new bond issues or new financial backing. I personally believe this will be the message he sends next week. Complete with forcasts and explanations of world wide Polyethelene supply and demand.
Time will tell but I have heard no other reasonable explanation for this public meeting at this time. I don't believe in the $1.25 bailout proposals or the cut and dried cut off dates for the money owed. remember above all these people want their money. If he can prove he can deliver debt payments without major changes in the company I think that would satisfy them. Diluting the company doesn't serve their interests anymore than it does the companies.
All this based on a great 1st quarter of course.
Just my dos pesos for a slow Thursday.
wolf