EK is under immense pressure from the creditors to accept the offered patent sale price even though it is well below what they estimated them to be worth - bottom line the creditors see the train coming and want their money and get out. EK is in full scramble mode trying to convince them they can sell more of their body parts to raise the $950M. Will be interesting to see who gets their way.
Right! It makes one wonder--how smart is a given financial entity, if they are gullible enough to ignore clearly negative trends and fundamentals and nevertheless give AP money? Who would give AP a dime?
The creditors can put enough pressure on EK to repay the loans that EK will be forced to cancel current shares and issue new ones for the money. Makes absolutely no sense why EK would not do this. ALL sources of income will be in-play to allow maximum payback for all debts before any will be reduced/eliminated.
I feel sorry for the LOSER LONGS - this PPS is going to ZERO!