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Exide Technologies Message Board

  • greenshotshut greenshotshut Jun 11, 2013 12:47 PM Flag

    Since when is a DIP financing good news for common shareholders. It never is.

    Today is a SCAMPUMP.

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    • It's only good for the DIP lender who recovers their money and gets priority dibs on their liens. No doubt Exide has some good assets, and holds as good a chance of any of coming out of this with the shareholders intact, but in no way do you pay .30 cents for a share that has only a small chance of ever not being canceled. I'm not shore or long here. I bought yesterday and sold today because I believe the collapse will be very quick and I don't want to be wiped out. It's on the way folks, so just enjoy this play but run and don't get fooled.

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