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  • ethison ethison Mar 14, 2011 10:15 AM Flag



    Did you see that RAS is issuing $100 million on convertable notes? They will live.

    I wonder if we will issue new converts as well. Interest is cheap right now and the market is "stable."

    They only have $20 mil putable in 2012, but maybe they could put the excess cash to good use somehow.

    I guess that's the trick here, if one gets cash, they must put it to work very quickly, or it will cost you dearly.

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    • Yes, I bought a good amount at $2.26. I also beleive that they will make it. Their business is turning around. Definitely less risk at this point, and if they are able to retire the previous debt at discount could be a very good entry point. They got punished hard, market hates uncertainty.I also did not likr the way they handled it. Pumping hard the stock with PR and divident. It worked out for them, but meanwhile the current shareholders got rolled over. What is new, right. I don't mind it, I had a chance to entre in a reasonable level. Will see.

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