RE:RE:RE:RE:RE:RE:RE:Manipulation Continues
In addition to making their debt/interest payments on time, CXR must meet their debt covenants as well.....Now, creditors can relax a broken debt covenant, especially if the offending company lets the creditor(s) know in advance that they will fail to meet a condition of a loan, but I wonder, if such a problem should occur at CXR in the future, will creditors cut CXR some slack, or pull the plug on the company if they believe they will not be getting their money back in full and thus willing to take their chances in bankruptcy proceedings.....?
I can't help but wonder what offer (if any) CXR's Board received for the company during the 'strategic review' period...?....If the typical Joe Shareholder knew what the offer was, he/she could monitor the progress of the company and see if the Board was right to reject the offer..........Perhaps the Board is deluded, thinking the company is worth much more than $6 or $7 a share.......All investors should keep in mind that there is a reason why shorts are making a killing on this name: Longs have been selling for about a year now, and continue to sell........To think that all these longs are fools and they haven't clued into the tremendous "value" of this company is quite a stretch.....