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madsyd

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madsyd

Re: 56Chevy post# 1737

Wednesday, 09/03/2008 6:36:57 PM

Wednesday, September 03, 2008 6:36:57 PM

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when i spoke with a person at the company and asked if this exchange offering would give them the liquidity to remain in business for the next quarter or so (or longer)... they said... no guarantees and that the really big issue (at least the way i understood it), was for the ratings agencies to stop downgrading them (which was creating all of these margin calls). bottom line is, next tuesday or wednesday when they meet with these 3rd parties we have to hope they pass the test.
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