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TennisStar

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TennisStar

Re: hotdawg post# 563

Wednesday, 10/05/2016 10:19:37 AM

Wednesday, October 05, 2016 10:19:37 AM

Post# of 989
Hotdawg

What am I talking about? BAS is going to file a pre-packaged plan of reorginization under Chapter 11.

BAS has cut deals with the debtholders (bond holders) and has negotiated a plan to convert the debt into equity. What if anything is left for current shareholders is unknown. Bonds are are trading 2019 and 2021 bonds are trading between $36-38 and are a cheap way to participate in post reorg BAS.


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