This is not a gift, it is not fraud by the company, by the CEO, or by the CFO, it is not an SEC investigation, and it is not bankruptcy....
This is a company working in a disciplined manner to come out from under a situation that it was put into by a combination of rouge elements and lack of controls. The path for recovery is clearly outlined, and the company is progressing on step at a time.
The refinancing is the first step in locking in DirecTV. Once DirecTV is locked in the company can get back to what it does best.. operate. And hopefully you can get back to what you do best -- whatever it is.
BTW, this is, of course the second time we pass $2, the benchmark that you set for when you would acknowledge that you are wrong. Just saying.
I don't have a position here, but $2 was where I would have put a stop. But turds float in a vacuum of info. ultimately they circle the drain. but outcomes are probablitilstic. I could be wrong. so could you. you don't know what is goi ng on behind the scenes. neither do I. but I;ve seen this play out before and the results are rarely pretty.
A lot of people were with you. Still a lot of work to do, but I think this was more than just about the loan and it's connection with Direct TV. To secure this loan Romanello's comments about the underlying strength of the business must have merit. I'm betting the profit takers and day traders are gone, and the stock walks up to the $3.5 - $4.0 range over the next month. Especially If they get their statements filed, and this year looks good on paper operationally.