GREY:LSTMF - Post by User
Comment by
BluSky23on Nov 07, 2016 11:08am
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Post# 25432219
RE:So...
RE:So...Should have binding bids in by Nov 21. Will know then unless another extension. I am guessing there will be no extension as the new $400M revolving facility is contigent of restructuing by year end. Though i guess this could be extended. I would think the Adhoc committee is the front runner, and I am hopeful that they honor the restructuring deal even tgough the unsecured debt did not play along. Other than white night high bid, this would be best case scenario. Worst case is zero. Somewhere in the middle is $20M possible payout if someone bids higher than adhoc committee and the secured gets full payment. As I read, the payout could be made if Oppression Litigation does not have any material adverse effects. Either way, I am seeing some low sales on LSTMF, and I wouldnt sell, might as well roll the dice. Good luck to all.....