RE:RE:RE:InterestingIf the short position declines and the shareprice hasn't bounced its probably not good, just as the short position decreased by three million last report but the shareprice stayed in freefall. It would mean the shareprice is only being supported by short profit taking. Get a pen and paper and calculate how long it would take to get debt to ebitda under 5 as most funds can't touch this until that time, if they will at all after the burn most have taken. I see debt to ebitda rising, not declining, in light of the new UK legislation over the coming quarters. If Rbc is right and they draw on the revolver the market will panic, as things aren't what they seem. IF you think they can get debt to ebitda under 5, weigh out how long it would take, how many potential bombs could go off in that time, if you have trust in management and if the risk/reward is for you. I just don't see it, but i'm always open to others opinions.
Buriedincxr1 wrote: Let's see the next two short reports. If it drops to the 5-6 million on Cxrx then there is hope here. We need to see how much was covered in the Friday flush of 12 million shares traded. Until October 10 I belive.