RE: RE: RE: RE: New management I can and maybe I AM totally wrong but I disagree on the cash situation, let's try to look at this another way.
1) If FIU let's the debentures go to maturity, what happens? I think they would be forced to either convert those debentures to shares at the going price..... Would the debenture holder want that? I doubt it very much because that would masivelly dilute the shares for everyone AND they no longer get their 4.5 % interest... so maybe THEY WON'T WANT THE DIKUTION ANYMORE THAN US
2) FIU let the debentures go to maturity and offer to the holders to entend the maturity date to 3-4 years down the road at a particular % interest like was discussed yesterday. Would they require a meeting to do such? Not sure. but even if they did, would they not have have a meeting to do something to convert the shares also? So some kind of meeting will have to happen shortly regardless.
3) BEFORE the maturity date they make some kind of agreement with some 3rd party to lend them the money to pay off the debenture holders, basically the same as it is now would you not think... but new faces?
4) Buyout... ]
in all these things there obviously are pros and cons right? No easy answer, but if the comapny can get it's debt extended until 15 or longer.. who knows, it migh tbe the best way but hey Management has messed this up so bad it now seems.... so who the hell knows...............