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Re: SpideyCents post# 128351

Monday, 04/20/2015 10:36:43 AM

Monday, April 20, 2015 10:36:43 AM

Post# of 163731

Can they still RS? or do they have to get current first?



Different entities. Being an SEC filer their reporting obligations are with the SEC. FINRA reviews and essentially approves R\S's. In light of FINRA's more recent scrutiny with what is termed 'bad actors'- toxic financing outfits that have run afoul of securities law (Asher being the prime culprit but IR is certainly in the cross hairs with the troubles with that bank they were associated with.)

With their own Wells Notice fairly fresh and the aforementioned above, would think they would have a real hard time pushing through a R\S, at least right now.

Does it limit their borrowing ability? I would think any lender, even toxic lenders, would want the company to be current.



It varies but there is always a blood sucking leech out there ready to do business at the right cost. But for the most part, yeah I would agree, this is a slow motion train wreak that hasn't even come to a complete stop yet.

What can they do with the Cerner money while no one is watching, so to speak? I know the company can buy the preferred shares from specific people but I would think they would have to file first before that happened.



Anything they want and yes they would have to file. Don't see that happening though. They probably already pissed through the Cermer money if half the rumors floating around are true.