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Foamex International Inc. (FMXI) Message Board

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  • texasbroker2000 texasbroker2000 Aug 15, 2005 10:51 AM Flag

    Your input sought on FMXI

    I agree and also don't understand the big drop..everyone assumed that they wouldn't make the payment when due.

    I thought the debt for equity conversion possibility was very positive....had never been discussed on this board...all thought that chapter 11 was imminent.

    If the lenders are really condsidering this stratedgy they would want to avoid chapter 11 because of it's operating cost..why throw money to the courts and attorneys.