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YRC Worldwide Inc. Message Board

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  • johns.patrick johns.patrick Dec 21, 2010 8:27 PM Flag

    EBITDA Covenants

    My post was poorly written what I meant was the number of outstanding shares could go up 175%, I have no allusions about the stock price doing that.

    Not sure I agree the shares outstanding can go up that easily, is that a board vote or a shareholder vote?

    I continue to beleive the bank has some projections that show they can meet the covenants (if they don't who is going to want equity in this thing anyway - so why would the bank let the assets depreciate another 2 months)

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