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KIT digital, Inc. Message Board

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  • chickenhatsdotcom chickenhatsdotcom Nov 26, 2012 11:57 AM Flag

    Don't get spooked about B.K. folks and here's why ....

    What we're seeing is retailers and tutes unloading to a comfortable level and based upon the automatic trigger of default associated with the restatement. What's funny to read is the company's going to file B.K. .... when in fact no lender in their right mind wouldn't want to restructure their note so they could eventually get paid. The company's books aren't the best, but by no means does the current cash/debt position spell bankruptcy.

 

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