Sea Containers Ltd (fka SCRA)

[finbar99]

I'm not trying to poo-poo the stock - as I said I bot in a few days ago at .13 and I should have waited but I think this one could run far if the stars align. I still recall from back when I first got in shortly after I filed an interview with the old CEO who had left shortly before - toward the end he was asked if he was worried about his shares now that they were in bk - he said he had no worried - can't take that to the bank but it did come across as candid. I need to go back and find that. The extension motion filed with the court mentions the two big hurdles but then adds that once those are cleared, and certainly GE Seaco is mostly cleared, that they would still need to line up exit financing. If they don't need much, it really shouldn't be a big deal even in a tight market - but they didn't indicate how much. I guess I need to go and look if they DIP funding during bk - usually if you get DIP in Chapter 11 you need a bigger exit package.