GREY:LSTMF - Post by User
Comment by
orlandoflon Jul 13, 2016 7:01pm
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Post# 25050530
RE:RE:Deal will be shot down..!!!
RE:RE:Deal will be shot down..!!!oilman53 wrote: I would have to agree with you that the deal doesnt get done. There is a lot of bad blood between LTS and the bondholders who got screwed and are now suing. There is no way they will sign on unless they get a better deal.
well, if they don't do the deal the unsecured bond holders may get nothing, but I agree they will try to get more and may shoot it down. Stock holders I think are pretty much screwed we can go with the deal or not, but we have little to work with - it would be nice if it were at twice the level for stockholders and unsecured debt with secured debt taking 90% instead of 95%.
I really don't know if we do better going to bankruptcy as we would need to see the company fetch over $1.5B and I don't know if an;yone would pay that right now?