MHR has a lot of issues,
If need to do something real soon.
GE has done this before.
PS I am very long in the preferred D.
I am new to GTE, just a few K shares.
I am not a big fan for raiders summing in.
Very seldom to help us smaller investors out.
If they win, I hope to sell on the pop.
Never the less, I do not think they would have announced it, if they did not think they would meet the required conditions.
By December, may be a bit optimistic.
(my average cost is over 7, so I sure hope so)
But, in 12 months, I think there is a good chance.
I do not see that as a possibility, unless all out war breaks out in the ME.
10 by the end of the year? possibly.
Take you time.
I think you should invest in you mattress, best place for you.
The stock drop is related to concern about the loans, and the ability to raise the 65 Mil.
With the MLP, etc, I think MHR will do it.
Shorts will get squeeze in due time.