RE:RE:RE:RE:Ryhigh's numbersPro, the notes were oversubscribed in a matter of days to a large number of investors. There is an agent appointed for the note holders. That agent cannot accelerate the notes without there being a default. How in heavens name will the company default anytime soon with all that cash in the bank?even Moody's recognized that they have enough cash to get to 2018. I would submit they have enough cash to get to 2020 at which time they will refinance the debt that comes due then.
PROtrading wrote: Like the numbers disagree on worst case!
Worst case is Notes owner pushing for liquidation and with a tangible book value of -98$ per share, stockholders get ZIP, NADA, just a DELIST and a tax write off on non-registered accounts.
ryehigh2014 wrote: To followup however. Even if they do not beat they will be OK. A 1.10 GBP/USD Q4 rate and -10% revenue growth rate q/q is a pretty 'worst case possible' assumption