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Yellow Media Inc T.YLO



TSX:YLO - Post by User

Bullboard Posts
Comment by valuinvestoron Nov 09, 2012 8:38am
194 Views
Post# 20580468

RE: RE: Judicial Leeway on Approving Plan

RE: RE: Judicial Leeway on Approving Plan

myNEXTmillion, you hit the nail on the head.  The precident that could be set here it by far the biggist issue for the judge, and the main reason why the banks are objecting.  YLO drew down an operating line of credit, that was specifically not to be used to buy back bonds, and is in effect doing so.   Not good business, I cant imagine any bank wanting to deal with this managment team in the future.

Bullboard Posts