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Yellow Media Inc T.YLO



TSX:YLO - Post by User

Bullboard Posts
Comment by valuinvestoron Nov 28, 2012 1:25pm
191 Views
Post# 20655808

RE: RE: RE: Suspense Continues

RE: RE: RE: Suspense Continues

BlueCollar, I agree with your assessment/opinion of the situation, 100%, just haven’t had time to write it up as such. Further, the speculation that YLO has been hanging on to the A's as a threat, might not be all that far fetched. The banks just want to keep this out of CCAA till they get their money in Feb, and YLO will not be able to get a court to approve CCAA with the cash they currently have on hand. They do have till Dec 31st to work out an alternate end, the pref A prospectus says 30 days notice must be given, hence the Dec 1 date, but if the securities disappear before Dec 31 in a recap, then no problem.  Again, I would be surprised if we didn’t see a notice of the intent to convert by Friday, but this is YLO, so who knows.

Bullboard Posts