RE:RE:Pinetree turnaround?... or destroy even more capital. Probably not though now that the investment committee of debenture holders has a veto over all buy/sell decisions by management.
Also, if actually take the time to read the documentation instead of just blindly pumping you would know that Pinetree has been authorized to buy $5M on the open market and to use a tender/redemption process for the remainder. They MAY be lucky enough to buy under $80 on the open market but they may also ending up bidding the price higher. No way are SHs getting lucky enough to see $20mm face retired for $15mm.