looks like "mr. market" was right. I lost some $$ on this dog a few years back. Looks like the latest blunder is EyeLock.
some things never change.
certainly very possible. and there would be a nice pop afterward.
by close tomorrow even if there is some agreement - if even in draft form.
good question. I think these funds just swap shares amongst themselves.
I would guess 60% of the shares have been net sold over the past 30 trading days. Maybe 2/3. Probably $12B of new net buys in those 30 days.
And since funds and institutions own almost 90%, they are likely the buyers - either new positions of adding to existing ones. It certainly isnt the indiv. investor adding $12B to the good..
and gwroth could be negative - revs and gross margins.
BUT - even under pretty scenarios - there is value. again, I see bondholders doing OK.
the residual holders - much more dicey proposition. At $15, c.p., I re-open a postion based on a $30 - 35 tgt value.
Avoid for a while longer.
the bond holders will want a signed sealed and delivered 10K. the auditors will need some forbearance from the bond holders.
sounds like a recipe for continued stress.
I still think the bond holders come out whole - or very close to it.
details details details............
yessir. eye vitamins and $8k a toe fungus cure. a few products are legit. many are off patent or easily replaced by cheaper products. and now the model is broken. and any price increase - well good luck w that. VRX is now a global whipping boy.
and BTW there is $31B in debt.
tick tock tick tock.