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Cumulus Media Inc. (CMLS) Message Board

dank062 1 post  |  Last Activity: Jun 23, 2015 12:34 AM Member since: Jul 8, 2004
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    Aventine hedge funds

    by kscott462 Jun 22, 2015 8:29 PM
    dank062 dank062 Jun 23, 2015 12:34 AM Flag

    Good point re: avenitine hedge funds taking no prisoners during bk proceedings. Shareholders were left with ziilch and the funds took it all.

    As compared to AVRW and VSE bk's, I must complement PEIX management. PEIX MGMT during extremely tough times could have laid down. Instead PEIX did not close shareholder value out completely. Sure it is adjusted for reverse splits adjusted to 1 to 105 and add to it, a bunch more dilution. PEIX management worked with all debt holders and worked it out to not steal stockholders shares. I believe PEIX management knows this game well, has done their due diligence and will prevail over the AVRW hedgefund crooks/partners.

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