I agree- while the stock still may have a large debt load, its probably worth more than last trade as a "call" with optionality
89% tendered? Why do you think that is tex
Great article-- where do you get the 155m shares though?
I guess if this deal doesn't get voted on, they are forced into bankruptcy and maybe the bond holders get very little
How did you get to the 155m new shares from the bond conversion? And do you understand the part about the Rights Offering?
No bid, I am trying to sell the couple I have :)
update: cant get a buy quote on the bonds..
texas, are you able to get a borrow here? My broker wont let me short anything :(