comparing CEDC to AA is like comparing Warren Buffett to Bernie Madoff
Alcoa is a dow jones 30 component with a market cap 60 times bigger than CEDC. Alcoa also doesn't have any problems with debt refinancings and doesn't face bankruptcy in March 2013 either.
so once again:
CEDC needs to come to terms with Roust Trading to finally execute the amended financing agreement otherwise the company will have to file for bankruptcy protection. There's no other way.
As Tariko wanted to take control of CEDC without paying any more money the CEDC board of directors decided that a chapter 11 filing might be a better solution in the end and already hired high profile advisors and a chief restructuring officer for the aftermath of the bankruptcy filing.
So right now the company is heading straight for Chapter 11 with nothing pointing to an arrangement here.
If you want to make a bet on Tariko / CEDC consider the bonds which are currently trading at 50% face value. Even in bankruptcy they might earn some money while your common stock will end up being worthless then.
you are very mis-informed if you think bankruptcy is possible here. With good income
and 103 million in cash and assets worth in the potential billions---- the directors are in no
hurry to give the company. Don't be so conned by "news"