fact as of today
market cap for chx 18,000,000 all kinds of debts
market cap for pce 129.000.000 some debt, no cash flow hum
market cap for avf 122,000,000 debt free some cash flow hum hum
assuming that there is no merger avf will survive they may have to forgo dividens for a while hoping that ng price turn around... they may not make much money but they will survive..
chx will be crushed by the debt load as their profits will not even pay the interest on their debts
pce will be in the same boat
now pwalk where will those upper management get their money for their severance and departing goodwill I am sure there is not a bank that will lend those millions of dollars to the management of pace and chx if they going under.... however with a merger you get the great dollars from avf to pay those severance...... the pace and chx management have been down this road many times,(previous company they managed) they were able to sweet talk the avf management into this deal but the sh are not buying it.