RE:Longs, the "shorting to zero" is for the stock, not companyI understand the difference more than you can possibly imagine. Cinven will be paid off by Feb 1 and the company will still have well over $400M when it makes that payment. So how in your screwed up view of the world does Cinven get Amco back once that payment is made?
FullReversal wrote:
The company will survive with the assets, from all indications, to be owned by Cinven (Amco) and First Secured Notes holder(s) (non-Amco).
It's the common stock price is what won't survive. I don't think you longs in denial understand the difference here?
They might as well rename "Amco" to "Acme" from the Looney Tunes era.
Roadrunner being the Wall Street crowd/"Bookrunner" and Private Equity.
Coyote being the average dumb investor still holding this toxic stock!