Will TEC force breakup ??? I go back to the mantra ...
"Capital preservation through senior liens on collateral assets with visible potential cash flows and/or liquidation or break-up values. The foundation of the strategy is rigorous, bottom-up fundamental analysis that emphasizes asset-level over collateralization based on liquidation value, identifying good companies that are overlooked or out-of-favour, and diversification based on asset-type, investment size, as well as company and industry exposures."
Less of a concern is whether the halt is lifted ... or morphed into a suspension. It's all about what TEC will do or possibly have already done.
TEC had already brought down the hammer somewhat ... does this now compel them to bring it down all the way?
30 day written notice for loan demand and if the stock remains halted for 2 weeks or is moved into suspension ... that doesn't handcuff TEC ... as breakup value can easily recover their monies ... $350/day monitoring fee and all.
Any thoughts on this as a possibility??? I realize nobody wants to think about this type of scenario but the current situation certainly doesn't bolster ones confidence.