The bond holders have nothing to do with this amendment. It's just the banks b cause they would have a default first. The bonds give them more time. I still think the fee to the banks isn't that much.
Your math is terrible. It's just the bank debt that is getting amended, not all debt. Also, .05% is 5 basis points. The actual cost is more like $1 million. Cheap insurance.
They are already hedged from the convertible debt issue. You don't understand how toxic that financing was to share price and shareholder base.
Didn't moving a dime of earnings up a quarter prove that! It's not like anyone can actually track the sale of controlled substances to prove this isn't a fraud, right? And the CEO coming back doesn't mean the BOD is confident that this is all BS, it's just that the company is so small and poor that they can't afford a new CEO. And they have no drug pipeline or distribution strategies that could change anything, right?
We have double digit revenue growth and trade at 11x EBITDA. CMG has single digit revenue declines and trades for 16x.
ISIS alone is a big revenue generator!
I agree they need to split to give Pollo the capital it needs to expand more rapidly. I would guess the market would have much preferred a sale of Taco with the use of proceeds to fuel growth. Hopefully, the world views this announcement as an official "For Sale" sign for Taco and it happens this year. The advantage of announcing the split is that the buyer now has less leverage in the process, because a split will get us where we need to go.