Howzie: I think the outcome is that CSHD can get the full bond amount "cashed" to them upon hypothecation of the security.
hy‧poth‧e‧cate1 /haɪˈpɒθɪˌkeɪt, hɪ-/ Pronunciation Key - Show Spelled Pronunciation[hahy-poth-i-keyt, hi-] Pronunciation Key - Show IPA Pronunciation
–verb (used with object), -cat‧ed, -cat‧ing. 1. to pledge to a creditor as security without delivering over; mortgage.
2. to put in pledge by delivery, as stocks given as security for a loan.
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[Origin: 1675–85; < ML hypothēcātus, ptp. of hypothēcāre. See hypothec, -ate1]
—Related forms
hy‧poth‧e‧ca‧tion, noun
hy‧poth‧e‧ca‧tor, noun
As I hypothesized in my previous post, I don't think the security is going to come from selling company stock. I think rather that it's coming from the backs of the U.S. Taxpayer through the Federal Government in the form of HEFTY CONTRACTS awarded to CSHD and/or their JV's and subs which cover a decent span of time.
:)
lns