RE:Last time on the debtSo you started off saying they had $7.3B debt and $3.4B cash.
Now you're saying they have $7.3B debt and $2.2B cash.
We are close to agreeing. Thank you.
Jim
BBDB859 wrote: Dude.
How much clearer can I be, for you to get it????
I would least expect you here on this board of posters not to understand what I have posted for 3 times to you.
Every response to you has clearly been explained.
You're the only poster here not understanding, and questioning this? Don't assume others don't understand it. They would have questioned me if they didn't understand it. You're the only one that keeps on this line of questioning like a dog on a bone.
The $3.4 was cash on hand at the moment. It included the $1.2B raised recently. That $1.2B is spoken for, it's earmarked for the unterdered blocks of the Junk Bond LTD stragglers, for 2022/3. You were told this on the very first post. Read it. So it doesn't change the Total Long Term Debt. TLD is stil $7.3, and when the $1.2 from the $3.4 on hand is used up to pay for the untendered blocks of LTD, the cash on hand goes back to $2.2, so it doesn't change a thing.
Think of it (the extra $1.2B on hand) as a renegotiating of your mortgage. That's what it is here. It's renegoting or replacing or discharging of the existing Mort. When the new Bank gives the money. You suddenly have extra cash in your account. So now you have to give it to the old Existing Mortgagee to discharge your old mortgage.
Maybe you dodn't need to see this step. I think you're past it.
So now we have $2.2B approx., on hand, and a LTD of $7.3B in LTD.
Don't even worry about NET DEBT. Bombardier or some bank rating the Bomber, will tell us what that is in Q2. It could differ from what u and I think it is anyway.
Don't assume anything else.
Finished.