Predictions Q4 and year end. Lets have some fun.............Mid March last year we had the billion dollar plus write down. It was the new sheriffs - kitchen sink financials. This even silenced Hulot for a fraction of a nanosecond.
There is no "done deal" regarding recapitalisation, and the unsecureds are now in default.
Personally - I am amazed they made it beyond US Thanksgiving.
So what is the consensus on this illustrious source of wisdom? - the stockhouse CXR BB.
Predictions for:
(1) remaining cash on hand
(2) debt to EBIDTA ratio
(3) further writedowns.
The grand prize - some worthless warrants in exchange for your current shares sometime in Q3 of 2018 and a tax writeoff if you are lucky enough to be in a non registered vehicle......................
Consolation prize - CCAA
Gentlemen - place your bets..............