It's moving...south. That "exposure" notwithstanding.
IMO, the article smells like some of the retail holders, rightfully scared to death as they are, got together and put pressure on the New York Slimes to do a write up on BBEP.
Problem is that the author seems to have done his homework and correctly stated that these severely discounted Rights Offerings have become standard operating procedure and the courts are allowing them to happen despite valid objections.
It is the laws that are broken...FRBP 1129 needs some adjustment to prevent the big money bond players from stealing companies from poor retail shareholders schleps like me.
Nice of Vinny to provide the quote though...be nicer if he can actually find a way to put the brakes on this insider pre-planned trainwreck and subsequent robbery.
All Comedy, or not, above or below, in this post and my post history in its entirety not to be taken as investment advice
