RE:hi latticerad10 wrote: The article you posted is awesome - much appreciated. The paragraph highlighted in bold is interesting. Is the percentage ownership of the debt increased because they are buying secured notes on the open market, or because the credit line is being drawn down?
Any ideas? Need to start making some calls.
PS - laughable that the most useful posting in weeks receives a lofty one star rating - lol
Rad, You are smarter than I am for sure. I thought their credit line was being drawn down a long time ago and believed GS sold out their part of the bridge loan to some douchebag so they could offer the first lien bonds - they make 30MM in commissions to move up and make up for the $ they lost on the bridge. But I really don't know and fora $2 stock I am barely interested.