Comment by
rad10 on Sep 07, 2017 2:16pm
liquidity issues. The notes are thinly traded. Rumours of restructuring bode badly for the unsecured series
Comment by
Gabriele1965091 on Sep 07, 2017 3:31pm
But in the last call conference no news about restructuring....so I hoped up
Comment by
rad10 on Sep 07, 2017 6:12pm
The unsecured could be a good "cigar butt" - type trade, I should imagine you will juice one more huge interest payment out of them before all of the fireworks.
Comment by
Gabriele1965091 on Sep 08, 2017 11:45am
The bond 2023 7% usd always 18,100!!!!!!
Comment by
Gabriele1965091 on Sep 12, 2017 5:38am
THIS BOND 2023 7% USD UNSECURED SENIOR AT 14,85%.......BUT NO BUY NO SELL AT MARKET...ALWAYS FIM IN THESE WEEKS! I HAVE THIS 100K AT 52.00! NOW???????? I HAVE RECIEVED ALREADY 3 COUPON...NOT AT 15.10.2017????
Comment by
rad10 on Sep 12, 2017 12:26pm
I feel your pain Gabriele........................ The prospects for recovery are reflected in the bid. You bought at 52 with an effective yield in excess of 14% - you must have known you were taking some degree of risk at that time. I think you will be good for one more coupon payment. Been there with armtec and a couple of others - it sucks