Post by
rad10 on Oct 16, 2017 3:30pm
carved up before US thanksgiving............
Interesting bit of brinksmanship on the part of the company today.
Tick Tock - equity has obviously been done for some time, question is how much will the unsecured note holders recover?
Non payment is usually engineered to drive the affected notes further into the ground and get the attention of the holders.
What is your take Even Stephen, Prof Hulot and other longs?
Comment by
MrHulot on Oct 17, 2017 1:32am
My take Nurse RADgett is this. Why would a Company go to the trouble of formulating a stategy (Deliver), pay debt down (early October) if it was going Bankrupt? The $ 340 million is way over what I thought it should have at this point. They are sweating the Bondholders for a deal.
Comment by
rad10 on Oct 17, 2017 7:04am
When was debt paid down? I am sure they will try to get a debt for equity deal out of the unsecured bond holders. Secured have no reason to negotiate. Tell me Hulot - will the dilution that ensues make your stock go up or down? Just asking for a friend...............