lost money all 2013 and now again for 2014 with debt covenannts breached and due, game over, Russia in Ukraine, market rolling over, game over for UTIW!
$175MM preferred needs debt to be done, debt needs preferred to be done and audit, ABL needs preferred and convert to be done, a total circle jerk PR these guys are bankrupt, equity will be wiped out then reorg and start over or sell assets to EXPD or such for pennies.
any institutional investor that buys this deal should be terminated, though I guess it is debt so when this goes BK they have some coverage/collateral in a 363 sale to someone line MLNK
these deals have ratchets people, this stock is going much lower, use 0.25x sales of $4.2BN = $840MM - $525MM debt and preferred = $315MM equity / 105MM shares = $3
people like you are irritating - why post like this? - I hope Yahoo takes your accounts away - it happens so watch your comments - shouldn't give you advice but I'll give more = grow up and be professional
UTIW just blewup read the 8K, they have hundreds of millions of debt due, no firms will lend them money they need to wipeout the equity