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Foamex International Inc. (FMXI) Message Board

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  • texasbroker2000 texasbroker2000 Aug 15, 2005 5:00 PM Flag

    Your input sought on FMXI

    pifflehead, I was using an example of a workout where the debtholders convered their debt to equity....just an attempt to see if the current shareholders had any value if there is actually a debt/equity swap. I didn't even consider what kind of deal current
    management would strike with the debtholders.

    I didn't mean to imply that there is a single equity holder....I would assume one way to convert debt to equity would be for the company to issue new shares to the debtholders.


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