Buying back of bonds.
AMZG could buy back the bonds if two things happen:
1: The current owners of the bonds are willing to take a 70% loss (bought near par of 100, sell back at current price of 30) instead of trying to take over everything in a reorganization or renegotiation.
2: AMZG had the cash to pay for it. With !75 million in bonds, even with them trading at 30, AMZG would need over $50 million in cash just to buy the bonds, plus AMZG would need additional cash for operations. AMZG has no reasonable way to raise that amount of cash. Even though the land is on the books and should sell at some price, it probably would be below what they paid for it, so any such sale would cause all kinds of losses to AMZG.
Louis J. Desy Jr.