Agreed that swatzabugger is more civil than most but that doesn't make him right. August 15 bond date is a qualifying event. Months ago Chorman said he had it covered and then he got an additional $38mil.. Foamex cash flow really gets strained in September 15 to middle of October. There is really too much going on to predict something will happen in next two weeks. IF Foamex makes the bond payment the stock will move positively but watch out for late September.
There are earlier postings that give clairvoyance to the August 15 negotiations on the bonds. That said if management is looking for a way into bnkrptcy this is a qualifying event. I just don't see the short term advantage unless they are going to be making foam toys for Burger King/Texas Pacific and they want to buy Foamex cleaned up and low.