RE:RE:RE:someone walk me through the short box tradeI wonder how the people who bought the first lien notes at full price feel after reading the presentation. The revenue dropped 20% from the presentation in such a short time span. They likely are paying a signing bonus to AO, have to pay 2 years salary to MT, had the Cma investigation launched, UK pricing bill etc and will lucky to be able to cover interest payments from cashflow within a quarter or two. Sad.
rad10 wrote: I called the bond desk of my brokerage and had to specify and wait to see if they became available. They are VERY illiquid.