RE: RE: Cash on Feb 9 Report I checked with my broker today, the MTN's are trading for less than 50cent on a dollar. April 2014 MTN is at 50 cent and anything after that is around 40 cent. The 2036 MTN is at 34 cent on a dollar.
For common shareholder, the Key MTN’s are due in 2013. July 2013 MTN is at 64X68, and the Dec 2013 MTN is at 60X64. So the company should pay back the banks and start buying MTN's. They are in a great position to buy back the MTN’s at significant discount and should be able to finance it with free cash flow.
The Pref A and B should be converted to common on March 1st and June 1st. I will be on the call and asking this question. Will anyone else Join?
At this point it is about survival.