AI
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| Posts | 7607 |
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| Alias Born | 03/24/2015 |
Wednesday, November 22, 2017 6:31:00 AM
I would be all for doing this, but the truth is it wasn’t realistic. When you have toxic debt like this company had, you really don’t have much say in how the debt will be paid off.
So the fact that all the debt got structured is very important because the death spiral cycle was stopped.
Sure I would take 10x less shares hitting the OS any day, but I think if that kind of deal was on the table the CEO would clearly have taken it.
So I will side with looking at the debt restructuring as a win that will help the company stop going into the red due to past operations, and it will allow for the current business to bring the company in the Black.
So the fact that all the debt got structured is very important because the death spiral cycle was stopped.
Sure I would take 10x less shares hitting the OS any day, but I think if that kind of deal was on the table the CEO would clearly have taken it.
So I will side with looking at the debt restructuring as a win that will help the company stop going into the red due to past operations, and it will allow for the current business to bring the company in the Black.
