RE:RE:RE:I smell an announcement comming50% of excess cash flow have to be assigned to redeem their 2026 until it hits 150 million. So 71 million need to be bought back. This would be done at par. So much better to buy it on the market at a discount if you can.
And typically, after a close call with bankruptcy, paying down the debt might become an obsession. Not to bad for shareholders as the financial risk decrease which should lead to share appreciation at some point.
See page 20 of their presentation. https://s2.q4cdn.com/343762060/files/doc_presentations/2023/04/cobalt-swap-april-1.pdf