Wednesday, December 15, 2010 3:34:58 PM
I agree with you on all the TA anlasis for PBSOQ. But looking at the case, the main difference for EC in PBSOQ is that they seem to be in the driving seat now. The debtor was in bed with the existing DIP provider, who was in bed with the formal CEO to steal the company. With the new financing, Steel is going to be out of the picture once they are fully repaid.
One of today's court agendar item is EC asking the court to deny debtor's request to extend their exclusivity. I'd expect the court to modify it so that the debtor will share the exclusivity with EC and creditors committee, so that EC could file their plan early next Month, if not terminating debtor's exclusivity outright.
Recent AMBC News
- Ambac’s Cirrata Group Launches Tara Hill, an E&S Management and Professional Liability Program Administrator Led by Industry Veteran Peter McKeegan • Business Wire • 06/24/2024 12:30:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/13/2024 01:52:05 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/07/2024 08:03:55 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/05/2024 08:40:29 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/05/2024 11:20:45 AM
- Ambac Financial Group, Inc. to Sell Legacy Financial Guarantee Business to Funds Managed by Oaktree Capital Management, L.P. • Business Wire • 06/05/2024 10:30:00 AM
- Ambac Financial Group, Inc. to Acquire Majority Stake in Beat Capital Partners • Business Wire • 06/05/2024 10:30:00 AM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/06/2024 08:14:03 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/06/2024 08:11:53 PM
- Ambac Reports First Quarter 2024 Results • Business Wire • 05/06/2024 08:10:00 PM
- Ambac to Release First Quarter 2024 Results on May 6, 2024 • Business Wire • 04/22/2024 12:30:00 PM
- Ambac Announces Meeting and Record Date for 2024 Annual Meeting of Stockholders • Business Wire • 03/27/2024 12:30:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/11/2024 08:28:50 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/11/2024 08:20:09 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/11/2024 08:14:56 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/11/2024 08:12:41 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/11/2024 08:11:14 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/11/2024 08:09:38 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/04/2024 10:46:02 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/04/2024 10:43:13 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/04/2024 10:41:45 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/04/2024 10:40:32 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/04/2024 10:36:50 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/04/2024 09:43:45 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/04/2024 09:39:45 PM
FEATURED Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM
VAYK Exited Caribbean Investments for $320,000 Profit • VAYK • Jun 27, 2024 9:00 AM