You mean an un-rated debt, that is so risky it had to pay 10% interest, and just had a secondary public offering of it last May, at a 50% discount? I don't think so, Tim. The market has already determined the interest payments will be suspended soon.
I actually did try to place a limit buy order, online (Scottrade). Apparently, online trading has been suspended for MCEP at Scottrade. You must contact the local office to trade now. What up with that?
This is still an MLP is it not? The whole purpose of MLP's is for income, through (hopefully) stable distributions. Any bump in share price is gravy. Who's going to invest in an MLP that does not have distributions.
I own some of the 878742AW5 teck bond. I was expecting the simi-yearly intrest payment to hit my Scottrade account yesterday (7/15), but still nothing there yet. Is there a delay due to it being a foreign based company?