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I diagreestock worthlessbonds 35.50bondholders & banks own FMXI
edwards, why do you think the banks and bondholders own this company....that's not how it works in chapter 11.FMXI still looks to have operating earnings. Losses are a result of overleverage and high intrest debt expense. What makes you think the secured creditors won't get washed out? Aren't they motivated to provide concessions in order to avoid chapter 11?At this level the entire market cap is approx $12 million....that would be spent on fees etc. in the first month of bankruptcy.
the stock is down 14.55% the bonds are up 1 pointwhat does that tell you ??rgds