There are several dozen law firms [ambulance chasers for sure :-)] that do nothing but look for companies that break the buck, and appear to be failing into Chapter 11. They are like Piranhas, once one of them bites, they all hit in mob action. I expect in the next week or two, there will be a couple of dozen of them.
If anybody is familiar with "Exide" last year, they filed chapter 11 within about a month after they broke the buck, and the daily lawsuits started showing up.
Hate to be the bearer of bad tidings, but the lawyers think NIHD is going down, for sure
Where is Telefonica, when we desperately need them :-)
*TESTY*--yeah, yeah, yeah, that was their battery recycling plant in "Vernon" California--Vernon was the kiss of death for Exide, and Vernon closed because the LATimes decided to kill it, by running "lead poisoning" scare stories prominently in the paper [they are still running Vernon "lead poisoning" stories, to this very day]
but what I said was also totally truth, the stock broke the buck, everybody could see the company was reeling, and in the weeks before the Chapter 11 filing, a couple of dozen lawsuits were filed against them. Same law firms that are now piling onto NIHD
YO "FOOL"--sorry to disappoint you, but in my case, what you see is what you get--I'm a bondholder and a major bagholder as well.
When people on this MSB are curious as to how the NII Capital bonds are doing, they know they can always get a trading summary from "ccc"
heck, I'd even tell "you" how the bonds did today, if you wanted to know, and you asked :-)