Living, I just deal in reality.
This is not a matter of borrowing money to run the company, toss out a few press releases and hope for the best.
your scenario takes money, lots of it just to get out of chapter let along attempting to run the company.
When you exit chapter, it takes one or more investors to toss in a bunch of money and buy stock. What kink of magic would Charter and Brown come up with to suck money out of investors when any fool can see that a lot of his money would go to the current note holders. No investor is going to be happy about that. If you think these hedge funds are going to take a few pennies, you are dead wrong. They are really ticked off. These lenders are all about rolling money from one loan to another. They are not investors and when you become beneficial owners, you can't easily sell. They would just be stuck. They would want a deal for cash....just cash...that's it. So what's it take to get them off your back?
Do you really think Charter and Brown would find someone to provide that DIP money? Would you give them money?
This is all over, the Aussies just want the assets. Do you think Mac called them? Nope, they called Mac to see what he intended to do with the assets. Charter wants those for the saliva test.
I have never shorted nor intend to have any financial interest in this stock. I am not connected with anyone who trades, shorts or has financial interests in this stock. I only post facts and my opinions. I do not post on IHUB with different aliases.
