RE:RE:RE:Some clarificationThey pushed back the tender date due to their ambitious timelines, but I can't help but feel they wanted to give the Pref. A holders a little more time to think about converting. Yes, there is a little more dilution as a result but the objective to reduce their debt obligations as much as possible is primary in the longer term. The less future dividend payouts the better it is for deleveraging. In the end, this will be a moot point as the business improves.
How long will it take until these cost reductions and margin tweaking impacts the bottom line? A few quarters? Q4 is released early February so we'll have a better indication then.