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Hugodrax

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Hugodrax

Re: Handyman4545 post# 31284

Friday, 12/02/2016 7:29:29 PM

Friday, December 02, 2016 7:29:29 PM

Post# of 36208
I never said that the docket has "verbiage" that equity is being cancelled (although the judge using the word "hopeless" should be a nice hint for you).

What IS in the docket is enough DATA and INFORMATION to easily CALCULATE that the equity is worthless.

As for the bond market my point is:

A) if equity gets and recovery, by definition ALL of the bonds are paid off IN FULL

B) the senior bonds trade at 3% of par.

Therefore all of the hedge funds, the entire bond market, and all of the distressed debt investors out there that specialize in this stuff are just leaving a 33X opportunity on the table. THATs relevant to the equity.

Lol!

________________________________________________________

Caller: But why did you back away from your prior guidance?

Eric Kelly: I am sorry? Hello?

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