RE: RE: RE: Comparison One other thing to consider here is what the REAL VALUE of NECC is in a fire sale. That is tangible, liquidation prices.
If it's over the loan amount, then Cline has a real chance as they can still collateralize the balance of the assets. Of course, whoever decides to step in here would have serious leverage in negotiations as they would be No.2 to the bondholder with no downside protection.
I figure, Cline would need some $20 mil. If they can get this for $0.20 SP, we're talking 100 mil. shares which would put the new debt holders with 33% ownership.
Total speculation.