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catdaddyrt

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catdaddyrt

Re: ortco1 post# 2508

Friday, 05/29/2015 2:16:16 PM

Friday, May 29, 2015 2:16:16 PM

Post# of 13692
they are hammering equity over and over with the share dumps - hard to go up when those receiving the shares are selling them as soon as they clear - they know what time it is - I think the smoke and mirrors may stay off the wolves for the rest of the year but I think they will have to file BK to reorganize their mess and shake the debt strangle hold. jmo


We have also recently exchanged $50 million principal of our unsecured senior notes for common equity at a material discount to the face value of the debt, and will continue to pursue other deleveraging transactions."


Snow on a Texas night at my house rare but beautiful-God Bless America

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