Re: Anybody know what's up w/ the new SEC filings?
Just saying that I find a disconnect between all the predictions of bankruptcy and the fact that a Polish pension fund would invest $8.5M. As a pension fund, they have to be somewhat conservative - if they feared bankruptcy, why wouldn't they instead invest in the bonds,
I also find a disconnect between the stock price action and the predictions of bankruptcy. Sure the stock is near it's 52-week lows but it seems to be holding up for now. If bankruptcy was imminent (only one month to resolve the convertible bond issue), I would expect a much larger drop in price.
By the way, I am completely out of CEDC at the moment. I just don't know how the company is going to resolve the convertibles in March. I suspect the common will be diluted but I don't have a clue by how much. For me, it is better to wait until this issue has been resolved.