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mdimport

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mdimport

Re: RJ Trotts post# 145

Wednesday, 04/17/2019 6:27:05 PM

Wednesday, April 17, 2019 6:27:05 PM

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There's no alternative to Chapter 11 for $BRS now that its been placed on the table. There's also a debt holder clock which is ticking down.

"... As part of the financial options being explored, Bristow Group has elected to defer a $12.5 million interest payment that was due on 15 April, for a period of 30 days.

In addition, the company has been granted a further extension from its lenders before it needs to file its quarterly accounts for the period to 31 December. Bristow had previously secured a grace period until 15 April, but that has now been pushed out until 19 June. ..."

https://www.flightglobal.com/news/articles/debt-ridden-helicopter-operator-bristow-warns-on-fut-457523/

In theory, $BRS should see $0.10 or so within the next few trading days. See what happens after that.

The paradox of iHub: buy high, sell low

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