InvestorsHub Logo
Post# of 316695
Next 10
Followers 4
Posts 802
Boards Moderated 2
Alias Born 05/09/2005

Re: smokeeater post# 144733

Monday, 03/29/2010 10:37:34 AM

Monday, March 29, 2010 10:37:34 AM

Post# of 316695
RHIE filed 10k late Fri :If we are not able to cure all defaults or enter into a new forbearance agreement for each of our credit facilities by March 31, 2010 (or any earlier date that the forbearance agreements may be terminated), then the agents and lenders under the respective credit facilities and swap counterparties may exercise all of their rights and remedies, including the acceleration of the loans and foreclosure on collateral. Upon the occurrence of such events, the Company would likely avail itself of the protection under Chapter 11 of the U.S. Bankruptcy Code, which would result in our current equityholders receiving little or no continuing interest in the Company. "

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.