yes but like Brighamllc wrote, a lot of big investors cannot invest in Junk Bond liek the 2018s bonds and are forced to move up to the new 2020 8% bonds
I thought we talked about it earlier. I was confused as well. Everyone has to withdraw today if they want to. Then the company has the option to continue the offer until the 26th without the earlier premium tender
since it expires today, should we expect an announcement today if they want to extend it? so far there's no news at all.
ACI is not CLF because coal stock were done no matter what. CLF should be able to survive even if the exchange is weak.
Stock down means oversubscribe, that means they are are killing the stock to try to accumulate and close shorts position. I would be worry if stock goes up.
This is pure speculation by me
The interest is higher, you are upgraded in the corporate structure, and your bond is worth more than 20 cents.
we need to some big money shorts to cover, otherwise they will on killing this stock
Manipulation by them to keep the stock under $2
Well it looks like you made money on the conversion with the dividend. I was able to get more shares with dividend at the end. Thank god I just kept them
If they are able to do exchange correctly, debt would be reduced to $1 billion from $2.3 billion. It should give equity to shareholder
That's why I have the stock. If no exchange happens, CLF should still be able to pay the 2018 bonds of $311 millions. They have $50 millions of free cash flow with no more preferred stock CLV
I just checked my brokerage account where CLV is my only holding. I got cash that came in. There's no other stocks I had in this account. What else could it be. I am shocked, I thought there was nothing
I thought it expired on the 26 of February?? so that's a month away. Am I missing something?