RE:RE:RE:Taking it in the Chinryehigh, it's FAR from positive since it gives the Notes front of the line access to the assets.
At best, it's neutral. As many others here are advocating, until we know who the Notes owners are, we're flying blind. Instruments (the charts) are saying the news is not good....
Now, you're think that the Notes would be disclosed on SEDI! WTF Anyone making any calls are all you bangholders busy trying to find deeper sand?????
ryehigh2014 wrote: You realize the 350MM issuance was positive right? The company had a HUGE liquidity issue. Note liquidity does not equal insolvency but it can lead to it very very quickly.
The company is NOT insolvent and generates enough FCF. The company was illiquid before the issue when comparing against current liabilities.
I agree with you on the cable rate (GBPUSD). That will weigh on earnings. Although I modeled it at 1.21 and numbers looked fine.