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Re: badmoon_ryzzin post# 910

Friday, 12/14/2007 2:24:26 PM

Friday, December 14, 2007 2:24:26 PM

Post# of 1408
one possibility is that TOUSA will strike a deal with its $1 billion dollars bondholders before Feb. 1 2008. What kind of deal? I don't know. All I believe is that, if TOUSA is going toward Ch. 11 route with its capital restructuring, then why the hell did they offer credit amendment no. 2 to Citi? This makes no sense, unless TOUSA is working on to restructure its capital out-of-court and trying to buy more time from Citi. If Citi accepts this amendment, then I expect something positive will happen before Feb. 1 2008!

A multi-billions-of-dollars company is trading for pennies! If TOUSA can turn around without Ch.11, then this is a stock to talk about for years!

JMO