"EK is now talking with Hedge funds to come in and make a deal."
Hedge funds always have common shareholder best interests at heart.You betcha,Bobby.
If you didn't know it before now this is the BIG flashing "Cancelled shares Ahead" sign.
Kind of scary holding 20M Short. EK is now talking with Hedge funds to come in and make a deal.
You mean 20M long don't you? Where do you think the new equity is coming from to give the debt holders a stake in the company? It's coming from NEW STOCK after the OLD STOCK IS CANCELLED. The current shareholders are the next asset to foot the bill. If you're long, I'am sure AP will thank you for your cash after you are thrown under the bus.
respectfully, you have not studied the numbers in depth like I have.
Please read the latest docs that have been released to see the hidden value.
This will be a good exercise in diligence for you.
Sentiment: Strong Buy