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canestsal

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canestsal

Re: bleu22 post# 1547

Monday, 07/02/2012 1:49:22 PM

Monday, July 02, 2012 1:49:22 PM

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PCXs long term paper is selling for less than 50 cents on the dollar, that means that the bond holders don't think they'll see their money by 2018, and they'll take a hit to dump it now.

How can you refinance if you owe 8.25% on mature paper, and nobody wants your bonds?

I don't see how that is a positive.

If refinancing was in the works, we'd see 50 million shares traded already.
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