Breitburn has elected to utilize the grace period for the Notes as part of its process to explore strategic alternatives to strengthen its balance sheet and maximize the value of Breitburn. Additionally, it has initiated discussions with its secured debtholders related to alternatives to improve Breitburn's long-term capital structure. Breitburn has retained Lazard Frères & Co. LLC as its financial advisor and Weil, Gotshal & Manges LLP as its legal advisor to assist the Board of Directors and the management team with the strategic review process. In addition, Jefferies LLC will provide Breitburn with corporate and financial advisory services.
Buy more, hold or sell? IMHO I think that the odds of this stock going up over $1 are much higher than going gambling in Las Vegas.
I have seen this happen so many times, all of a sudden, after Pandora has reached agreements with all the music labels, settled lawsuits, acquired The Next Big Sound and "The Key Assets" of Rdio, plus a local radio station in Rapid City, S.D, all these same analysts that were pumping Pandora before all this great things happened now the want you to sell? Give me a break! THEY WANT YOUR SHARES CHEAP FOLKS!!!
Pandora will be bought-out and some of these analyst know this, that is why they are now trying to scare you and have you sell your shares!
Give them the middle finger and keep your shares, IMHO you will be hefty rewarded!
Back in October I predicted that GOOG will buy Pandora. I still think that Pandora will be bought, but now I believe that AAPL as well as AMZN may start a bidding war with GOOG. By settling all pending lawsuits, negotiating great rate deals with the record labels and aiming at International streaming, Pandora is now ripe for the picking! Like Kramer said, if you want to be the “King” of streaming music, YOU WILL NEED TO OWN PANDORA! Stay tuned folks!