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Emmis Communications Corp. Message Board

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  • longtimefollower longtimefollower Feb 10, 2012 12:07 AM Flag

    Is controlling 2/3 of the preferred like a "cramdown"...

    Well, I personally would like to see EMMS deal with the preferred holders first, and come up with a price to buy them out at, with a pledge to get the requisite financing in "x" number of months, and pay "y" interest, in the meantime. But it could end up being as a "consolidated" deal, too, I suppose, as you indicate. Many options here. I'm not worried. I'm just "coasting." Sure, I'd like it all to happen sooner rather than later, but I trust management is doing everything they can for the I just sit back, and wait.

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