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Linn Co, LLC Message Board

bodisurfrat 2 posts  |  Last Activity: Feb 27, 2016 2:27 AM Member since: Oct 26, 2003
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  • Reply to

    Any guesses on how much is tendered

    by nicknuthals Feb 26, 2016 3:26 PM
    bodisurfrat bodisurfrat Feb 27, 2016 2:27 AM Flag

    2018 Bond principal payment due Jan 2018 if it doesn't get tendered.

    Sentiment: Hold

  • Reply to

    Any guesses on how much is tendered

    by nicknuthals Feb 26, 2016 3:26 PM
    bodisurfrat bodisurfrat Feb 26, 2016 7:32 PM Flag

    Maybe a dumb question. If the tender isn't fully subscribed, why can't CLF issue the Secured Bonds and use the proceeds to buy back the Unsecured Bonds on the open market? Basically, they piece mail the tender and get much better prices.

    I still predict a BK by 2018. Secured Bonds get paid. Unsecured bonds become the future equity. Company survives. I hope I am wrong.

    I only wish individual investors could have participated in the tender.

    Any thoughts if Hedge Funds are still shorting equity and buying bonds? If so, that would be the best bet of a fully subscribed tender and would explain no move in the stock price.

    Sentiment: Hold

LNCO
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