Not sure why there is confusion regarding the refinance stuff? From the cc transcript sticky:
The second point is resolution, well obviously to the point of the 12% and 8%, (A) we have to resolve our capital structure and it's clearly our priority over the next three months. It's a focus that we started on (B) about three weeks ago, we are spending a lot of time on it. We have identified a lot of areas that are alternatives going forward. And we think we have alternatives that would be acceptable to the investors, but as I have said we are (B) about one-third of the way through that process. Obviously have had to be cleared up and (C) finalized prior to our next call. And so we are looking at the end and the completion of that with new alternatives (D) by mid-June.
(A) 3 months from cc date of May 16 means re-fi by August 16.
(B) If they started 3 weeks prior to May 16, & they were one third thru, that means 6 weeks to go from 5/16 so re-fi by June 27.
(C) Next call should be Monday, August 15 so to be "prior", re-fi will be by Friday, August 12.
(D) Mid-June, so re-fi by June 15.
See, it's all in the transcript!
