Wednesday, November 08, 2017 7:11:21 PM
What is the current outstanding debt to Prestige @ 20%? or Crossroads @ 18%?
MSLP is already bankrupt and using DIP financing (Debtor in Possession) from these two subprime lenders who have collateralized Accounts Receivable (Prestige) and Inventory on Hand (Crossroads).
Drexler note interest is not mandated backloaded balloon. That optional term is just additional poison pill to any activist investor. Any reasonably sophisticated investor realizes that but interest is the least of MSLP worries that only comes into play in bankruptcy court.
Not even close to covering until $0.0xxx
You do realize MSLP is down -28% this week?
Rah, Rah, Sis, Boom, Bah! Go MSLP!
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