has anyone seen the latest income statement? am i reading this correctly; scroll to bottom - did net income loss increase by approximately 4X ?
does this explain what the stock price has been tanking?
i saw the other thread on their bonds. looks like they have held up well and that thread was posted along time ago. then the bonds were selling in the upper $80's. i just checked now and they are getting $81 or so to buy.
anyone think these will drop into the $70 range? i have no bonds yet.
so after some random searching i found a few updates.
first off, MXT recently launched a new movie streaming service specialzing in slower internet topologies. this should drive a new revenue stream.
secondly, there is some regulation changes in the works which would significantly lower a specific previous high fixed cost which will help cash flow.
third according to the management, it looks like servicing this debt, meaning, paying the interest is not going to be an issue, they are confident.
the milllion dollar question though is what will end up happening with the actual float itself come redemption time, meaning will they be able to finance it and/or issue a new float to pay off this one.
hitting new lows today in the $61ish handle on the ask.