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Re: Yaghtsman post# 43014

Tuesday, 09/19/2017 9:39:04 AM

Tuesday, September 19, 2017 9:39:04 AM

Post# of 61601
Yaghtsman,
I just wanted to clarify that you believe ICLD will be all right in the long run and you want to buy in at a lower price to get long, correct?
This is an important point to make as ICLD could renegotiate a new maturity date for the upcoming notes back to 2019 or later.
It is commonplace for the company to reach out to the holders prior to maturity and get the holders to agree to an extension of the maturity date – with the logic being that the company is unlikely to have sufficient funds to repay the debt, and the debt holders aren’t that excited about being repaid anyway. The debt holders get paid interest for a longer time.
So, now may be the right time to get long.