The presentation was short this time and tied closely with the presentation slides. This allowed plenty of time for analyst questions. Tons of useful info: I'll definitely be listening to the call again soon.
My quick notes with no guarantee of accuracy. (Multitasking: leads to errors!)
95% affirmed deal. one bank rejected - 2.5%, ~$13M. 2% no response - doing follow on contacts now. - not yet identified due to recent trades on debt.
Reverse split: details "being prepared".
Smart roll: many order Xerium is not incumbent, so increasing market share.
Clothing plants operating full time now.
Warrants: 40 year life. Strike price being determined.
Q4 regions: US coming back. Europe flat w/Q3. S. Amer strong: pulp export demand increase. Pulp price 2007 level and holding. Mills running wide open. Asia major rebound: China and Indonesia, rapid restart, more than US imports would suggest.
Supplier condition: Light sees no impact from bankruptcy. Single supplier is having problems.
I agree, the CC was a homerun. Plants are running at 100% now and looking to expend. Warrant expires in 4 years, not 40, probably a typo on your end. Some crappy little bank holding out but will be forced in line. UBS analyst was asking Q's during Q&A, upgrade coming, he sounded very satisfied with the results. Reverse split, just as I told you guys earlier, will be a part of this process. Debt holders getting roughtly 42 million newly issued shares and we get 8 mil plus the warrants, which will be very valuable (equal to a 4 year option). Their cash is going to increase by $100 million, but still not sure why they need so much. Overall, as soon as this crapy little bank gets in line with the rest of the debt holders, share price will move to a $2+ level. Debt holders are paying equivelant to $1.15 at current share price (not Reverse split adjusted) but we get a 4 year option, which will be more valuable then current share price. Very positive and bullish on this company.