Not typical egle volume. I assume this is telling for what trading will be like between now and when thr reverse gets priced..... 700,000 share block. The interesting thing is it didnt move the market. Two big guys agreed on 1.00- 1.04 range
Same cororally could be drawn from American Airlines. They were able limp along post 911 without declaring bankruptcy and it eventually caught up with them.
Eagle isn't TBS, but the fact remains they need some form of recap. The only version of that which minimizes damages to current equity holders is high yield debt or Kelso stepping up and merging Delphin with Eagle.
Then again, reallywant has spent the past year denying Eagle's problems and the stock price continues to prove him wrong.