RE:Primero now at .085Aside from a possible big dead cat bounce that quickly evaporates there is nothing brewing here until refi time imo. If I were the lenders on revolver I would take a good portion of the potential BF sale and say 10-15 million share bonus to extend this turd another 12-18 months until a sale or merger could be completed at possible higher sp.
If I were rob at mux I would seriously think about saving my 35 mil and work a stock swap for entire co if it looks like stream and tax issue has potential for settlement.
I see possibilities here for everyone to kick can down the road, maybe a win short term for sp maybe not.
No need for a formal ccca protection here as market cap is basically nil and lenders are better off not going into CCCa protection imo. It doesnt mean shares stay alive but maybe a big win.
Im probably a buyer soon on the dump and pump possibility here. Tax loss selling in full force soon.