RE:Can buy the entire company for $90 million nowdudsywow wrote: Until they pull the trigger on the restructuring, it probably won't trade to zero as the buy side will still assign some option value and short-covering will occur.
I'm wondering if there is any value left in the bonds (ie: 2023s trading at 19 now). Has anyone taken a position in the bonds?
There is no value in the unsecured bonds until they do Chapter 11 Protection from BK
Rad has first liens I believe I read on this board, so (s)he must be an institutional holder
It is now looking like first liens won't get their money - The Bid Px is at 67.5 cents on the dollar now
Banks are before the first lien note holders along with creditors (and I imagine the litigants of the law suits are before the first liens)