Analyst asked who they want to be bought by as the last question. Made for a "fun" exchange. The analyst is right despite Perron being playfully coy. Copper looper, what sort of trading vol on the bonds did you see? $millions worth or just an uptick?
I don't see who they can get passed the debt date wall without being acquired. It'll be north of $2. Yes a suitor can bid lower $1.60-2 but that would only attract attention of other suitors to give them time to jump in the bidding. Whoever does it will want it to happen fast with minimum interference from takeover competition. I think likely closer to $4.
I don't know. Maybe MAYBE it has something to do with not receiving payment on the last shipment before the end of the quarter?? Or something like that. That's my guess.
Also 7c loss inst that bad. I want to hold judgment until I see the adj eps. I expected cash burn for same reason. Will see tomorrow but I get the sense that this is a "not as bad as it could've been" result.