The ones expiring in 2013 are held by Cleavenger, and should be no source of concern... But one potential reason for our current situation is to starve NIR out prior to breaking any significant change for Tom's companies. Essentially, force NIR to cover or accept cash payment for debt at the current level instead of allowing them to dilute a potential run.
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.