Replies to post #128385 on Zeev's Turnips Patch-No Politics (ZEEV)

[south louisiana]

Kyros - The Schedule to today's MIR filing with the SEC tweaks the bank terms, and clarifies that all convertible bond holders are eligible for the exchange and specifically includes certain CUSIP nos. for the benefit of trustees. This suggests to me that bonds over and above the previously announced 67% are being tendered and the pre-pak option is viable. The tweaked bank terms sound like this thing is at end game and near a negotiated conclusion fwiw.

[Emptyhead]

The market is hedging her bets;the posibility of them not tendering a BK is more reflected in the share price verses the bonds. The street believes they will survive.

[south louisiana]

Kyros - I assume you have profited with RRI. Do you still hold MIR bonds and have an opinion on its prospects? Do you see consolidation among ipp's? Do you see a delay while the FERC/bk court control over contract rejection issues are sorted out? Does such a delay itself overcome business plan issues? TIA