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naturalborninvestor

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naturalborninvestor

Re: jerry57 post# 494

Sunday, 03/26/2017 4:38:27 AM

Sunday, March 26, 2017 4:38:27 AM

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Bankruptcy is likely here. The deal offered to creditors was beyond ridiculous (15 million shares, then priced at $1, for 600 million debt). 1.4 billion of total long term debt are secured by company assets, so creditors will get the radio stations. Shareholders will see nil.
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