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  • sports_jjunkie sports_jjunkie Feb 18, 2013 10:41 AM Flag

    Upcoming Events for EK near term

    The coming events for EK is very crucial to its future.

    On Wednesday, February 20, 2013, Judge hears the motion to extend the filing of the POR til May 31, 2013. This is a very important event because others can comment on why should EK be granted an extension when the period is over and they have a better solution going forward.

    The funding of the exit financing deal starts on February 28, 2013. This exit funding extends the maturing of existing loans and also brings in more cash.

    The year-end financial report & 10K have yet to come out. This is one of the most crucial event for EK going forward. This sets the stage for the POR much like a press release. I believe the deadline for this reports is March 31, 2013. We get to find out why the Consolidated Cash is increasing.

    I hope everyone gets on board on the PROXY STATEMENT FOR 2013. The PROXY STATEMENT FOR 2013, lets us know who the BOD are and who are has a majority stake in EK. The entity that has a majority stake in EK would want to control or have the reins going forward.

    The Shorts are trying to say that they can control the destiny of EK when EK Consolidated Cash Position is increasing. EK Consolidated Cash on exit of BK is expected to be around $1.3B.

    Each event can move the pps of EK.

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