LOOKS GOOD. AT 16 THE YIELD WILL DRIVE UP TO 20/
16 is a disaster for Current Shareholdres .. virtually ALL of whom paid Much More.This OSTENSIBLY was a 'vulture' fund that is in fact the Carion/Corpse being fed on BY Vultures who have Held Up managemnet for 10% financing.Not to mention the 1.5% management fee.Meaning the company has to lend (or leverage up to) Over 11.5% to not be Dilutive to Current VICTIMS.
Maker that 12% they have to lend the Proceeds at just to not Dilue current shareholdersUnderwriters will take another .5%.So how many AAA deals are out there at 12%+ ??Or can be leveraged significantly over 12% ?