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VanWilder

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VanWilder

Re: None

Tuesday, 06/02/2015 7:16:40 PM

Tuesday, June 02, 2015 7:16:40 PM

Post# of 2531
Hale capital and the Equity holders have the most to lose. BOA the senior debt holder will be in okay shape if they foreclose.

I think MDW & HALE capital (seat on the board) will fight to keep the company going, and get a multi-month extension with BOA.

Again, it's a Technical Default due to production and other metric breaches. They are current on the note.


Time will Tell.....but honestly, no news this week is good news in my mind. It means the deal is being worked out in detail, and they didn't just throw in the towel.


Van



'THE VAN'

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