Post by
CDNOil on Jan 25, 2014 8:37am
Call me crazy but I don't think all is lost yet
I'm very worries by this whole thing as I have a lot of money riding on this, but there was no fundamental change between a week ago and today. Main issue currently is that the refinancing hasn't taken place yet. What this news release does, I think, is put more urgency on the refinancing proceedings. Terms need to change by Feb. 3 in a manner that will allow us to meet our obligations. We need terms that we can meet with a reduced utilization rate (as is the case today). Once utilization goes up in the coming months and we receive money from various sources (e.g. Lawsuit) then we'll be able to start paying off the debt.
Just my opinion folks. Refinancing absolutely needs to happen quickly, or we need to find a way to make the payment on Feb. 3 and buy some time.
Comment by
rivergreen on Jan 25, 2014 9:08am
I'm not sure, but I think you can, didn't GM and Chrysler file chapter 11 and still trade?
Comment by
al182 on Jan 25, 2014 9:04am
I have been here one long time and feel for you and been there before. TID is having many possibility to get financing and I do not u nderstand why they would put themselves at first occasion on court protection, 10 days is a lots of time to get financing .TID IS HAVING VERY GOOD ASSETS AND SHOULD WORK FOR SOME FINANCING. GLTA
Comment by
doggonemad on Jan 25, 2014 9:22am
yes, but it says that the majority of the lenders support the re-financing via a DIP facility which would include chapter 11 filing. if they file for chapter 11 they risk being delisted.