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Re: Mr_Simpson72 post# 473671

Saturday, 03/11/2017 9:14:08 AM

Saturday, March 11, 2017 9:14:08 AM

Post# of 728533
I agree. Along with the sales, someone is buying. My take is they simply can't outbid the strategic buyers and this is taking longer than anticipated. If that is the case, what is everyone's opinion on realistic scenarios regarding the mandatory redemption provision of preferred Jan 2018? Seems like the only scenario people are talking about is redemption of $600 million leaving almost nothing for common.

Given there is a $6 billion NOL on the table, seems to me there might be some room for negotiation in terms of recapitalizing, changing terms of preferred, etc. Makes no sense to me that they would let this implode. Any thoughts?
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