Responding to Larry / other posters from today,
Guys this is exactly how 99% of bankruptcies play out, and we are seeing it here. Only difference is there is most likely going to be some value to the notes at the end of the day. When they are currently trading at 4-5 cents on the dollar.....
Commons will have some CODI in all 3 scenarios it seems, with preferred having zero CODI (Since they are not units)
Why must Longs and Shorts hate each other? Can't we all just get aLONG?