They must be getting close to closing phase 1 of the Petrodelta transaction with todays announcement. I don't think they would announce a redemption of the bonds if they didn't think they were very close to finalizing the deal and getting the cash.
one would hope so. of course I am always suspicious until the facts are finalized. Maybe, could be, possibly mgmnt just trying to run up share price to cash in their recent purchases? One investment criteria I try to use (and it is tough unless you are a major investment house) is faith in mgmnt. We retail holders just do not have the mgmnt access that, say, a Warden Buffet has.