and issued new stock. Just be careful going long here
Bond holders take over the company and can either liquidate assets to be made whole or convert to equity stake in the company. With that said the old common shares gets completely wiped out and new shares will trade with either same symbol or a new one.
only outcome here
we will find otu what there really worth and 10 mill subscribers this could easily triple or 6 fold from these levels
This stock is not going below 20 cents no way no how. People are licking there chops to pick some up in the 20's
said and done
engaged in discussions with a number of parties interested in acquiring some or all of our assets; and
engaged in discussions with holders of, and representatives of certain holders of, the senior notes issued by NII Capital Corp. and NII International Telecom, S.C.A., or NIIT, regarding the potential terms on which the obligations evidenced by those senior notes could be restructured, including by exchanging all or a portion of the senior notes for common stock or other equity interests.
ongoing initiatives will not be sufficient to allow the Company to continue to operate unless we are able to restructure our debt obligations, find a strategic solution or some combination of those approaches.
With a 10 million subscriber base and a larger player wanting to get inot the latin americas this is there chance. bond holders dont want to run a company and they dont want to wait years to recap what they can of the principle. so 60-75 cents temder on bonds makes sense and easlily absorbed by a larger rival
It would only be with a tender offer for the common also to take control of the company and make this horrible management go bye bye. probably tender 75cent to a buck for the common at the same time they get bond holders to accept the terms
Noway they will file and let theese assets get tied up for a few years as bond holders try to reclaim there principle. they will accept 60-75 cents on the dollar
Get rid of management and it will be run the right way with a much better name behind it
Buyout 50 cents a share and a real provider can turn them around
No brainer short i will post pics of the new bentley i buy already hve the color picked out