RE:RE:Adding to his ownership for the inevitable bankruptcySorry but I'm way more right than you are.. You need to read the bloomberg story carefully. For this round of interest payments they might accept shares but the shareholders will be severly diluted.
The story talks about 20-40%, that is way to optimistic considering the amount due and the current market cap.. it will be more than 90% in reality.
Serafino just bought more notes so he gets more shares to make up for his losses on the millions of shares he bought before the roll back.
What happend with the next round of payments due later this year?
May not be bankruptcy, but either way, the shareholders are screwed.
SilverKing88 wrote: Wrong...story out at Bloomberg at 2.30 pm today...IR says that all options on table and proposal due end of February for exchange for equity...Most Note holders should be on board....