Visteon Corporation (VC)

[Gileon7]

I agree with you 100%.

I live by simple rules, if it looks like a duck and it quacks like a duck......until proven otherwise.... it's a duck. Sontchi is saying "they told me it isn't a duck so it isn't a duck."

That $100 Million that would be paid can be looked at this way: $0.77 per share. Value per share right now $0.61. So I'd say the BOD is giving the common shareholders value to the bondholders. I'd say they are doing so for the support of the POR and for the $150 Million worth of new shares being given to the BOD and management (Nearly $50 Million worth to the CEO and CFO alone). So now they are giving to each other $250 Million dollars in cash and stock: that's $1.92 per share.

So once again, in my opinion, Sontchi is wrong. They are not giving their money to themselves, they are giving our money to themselves. They own virtually none of the company right now, so whatever they own after this they took from the common shareholders.