I agree somewhat. Their interest payments are absurd. But, that's where the opportunity is. I can't see how they won't refinance this debt and bring interest expenses down a ton, which would help the stock. I'm not sure why they haven't made progress on this yet, but they've had alot going on. As for the remainder of the business, it generates a ton of cash. $45 million in EBITDA, more than covers the insane interest expenses and capital leases. All they need to do here is refinance this shark loan.
who in this whole soap opera wants to help the stock? the lenders? rocco, who is working for the lenders? ultimately the lenders will control the majority of the shares and do a recap ON THEIR TERMS. No sooner.