RE:RE:AKIN GUMP STRAUSS HAUER & FELD LLP HAS BEEN RETAINEDOnly a bag holder can make this into something "bullish." Ya, buddy, that's why the stock price fell 13% because its a good thing for equity holders when even bondholders don't want to take MORE losses in the future.... ????? So in fact bondholders don't they they will recover $$$ in the future. Bearish for equity holders and you are talking bull**** if you say this is bullish.
Wait for Chapter 11 or are you going to say that is BULLISH as well? LOL Anyone who has listened to you over the past months have lost loads and loads of money. You have been pumping it since November 2015 you must have losses in the six figures.
Lumberfeverlong wrote: I read the article on Akin Gump being engaged as counsel to a group of unsecured noteholders. There is nothing in the article suggesting they were engaged as bankuptcy counsel. Noteholders are pissed about the recent precipitous decline in the value of the bonds, but that doesn't mean that bankruptcy is imminent. They are likely trying to figure out whether they can get something above what the bonds are trading at today. This is actually bullish since it might suggest that there is a significant group of noteholders who would be willing to take a significant hair cut today to avoid the potential for further losses down the road. There is a significant delveraging opportunity here....
Health123 wrote: ... By Bondholders..... Don't say you were not warned Baggies