Bankrupt and Distressed (BAD) Research and Due Diligence

[eom7]

MMPPIQ .07 Posted by: drsandcrs Date: Wednesday, May 12, 2010 9:05:41 PM
In reply to: None Post # of 1409

The MMPI divide and conquer theory ....

i suggested this several weeks ago as plausible for MMPI

well ...... it's working in favor of MMPI ..... just like dominos all lined up and now falling into place ....

MMPI has reached a settlement with Cathay Bank on $69 million of debt at 4% interest retroactive to January 2009, interest only, all due 4 years from date of approval ..... June 2010

well then ..... looks like MMPI has settled with one more creditor .....

soon enough the others will have no choice .... so it looks like 4% on a go forward basis for all of the other lenders ....

divide and conquer ....

now the focus needs to be on preserving the rights of the minority equity holders ........