Waterous screw things upAccording to what I heard...cannot be confirmed....so correct me if I was wrong.
Becasue of the change in major shareholder, the bond holders had the right to demand early redemption. That is why CONA needs to repurchase all those bonds and borrow high interest loans to cover, Watrerous was NOT t doing its homework thoroughly if that is true.
However CONA had been stressing so much for their dividend safety , but they cut it 3 times to zero. So this managment lost all credibility.
Also how the Plover site is doing remains undisclosed. Given management's poor credibility, buyers are scared away.