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zc182

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zc182

Re: None

Thursday, 04/23/2020 9:51:28 PM

Thursday, April 23, 2020 9:51:28 PM

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Is this a nuke?

Read this: https://www.satellitetoday.com/business/2020/04/23/speedcast-files-for-chapter-11-bankruptcy/

So....they have obtained 90m of debtor in possession loans from their current debtors...the largest being INTELSAT and INMARSAT.

Forgive me if I am not reading this correctly but, does a company get to expand their investments in other companies while not paying bond holders and then actually going into Chapter 11 themselves?

bag-------->cat
or
bag-------->shareholders?

Getting interesting.

All posts are opinions. I only take long positions on securities. Not a professional by any stretch.

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