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SFX Entertainment, Inc. Message Board

  • jimmylinsbux04 jimmylinsbux04 Aug 20, 2014 12:40 PM Flag

    Where are the geniuses who claimed they would issue stock?

    Debt is cheap has hell right now. Only an idiot would issue more stock and dilute. Idiots....

    Sentiment: Hold

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    • or the geniuses who claimed they would not be able to issue debt?????? Idiots and boneheads

      • 1 Reply to bongobillarowsky
      • Trouble reading, huh bongboy?
        They are having trouble raising debt. Read the announcement dope. They are trying to chance the way the existing debt works to give them credit for money they weren't able to earn. Its called blowing a covenant and if they don't get this done, the debt is in default. Basic facts bongaroo. Long story short, the results are awful and if they don't get this change approved by the debt holders, which by the way they are paying a significant fee to get done, they are screwed.

        And then, only then, can they try to raise more debt. They have no buyers yet. And if they were having an easy time in the market raising the debt, this announcement wouldn't have been made. They would have done the debt deal and then announced it.

        You have to be the hugest moron on the planet to read this and think its good news.

        Holy cow are you stupid.

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