RE:RE:RE:RE:RE:Hey greatplay.....OK Trader Ben - please tell me which covenants have been breeched? Has the revolver even been utilised? If the banks are really calling the shots then default must be imminent. Please clarify - because like 90% posted here - I smell BS
TraderBen wrote: Hey Lumber. Let me clarify for you if you understand the debt market (and you don't)
The
BANKS will now be having a food fight ! The company is a non-issue at this point because the BANKS call the shots now, not the
COMPANY. Lumberfeverlong wrote: First, learn the differerence between debtors and creditors. The company is a debtor vis vis the noteholders while the noteholders are creditors vis vis the company. Not the other way around as your second grade post suggests.
TraderBen wrote: Traders will play around with this at the wealth destruction of most people's wealth here.
This stock will not be making a meaningful recovery. Debtors will now be having a food fight.
Get out while you can.
greatplay wrote: Sure... I did today at 2.63 and just bought it all back on Canadian side... I felt that block is loosing steam... I was surprised, that I got filled on my big lots, while lots were small in size, and it was 0.001 just below ask price, I think my bank filled me