I have access to bid/ask spread. Interestingly, now lower bid @ $0.18 ($100k), by ask of $.20489 (just $17k). Yet these Atlas bonds will trade much bigger $400k to $1M lots under the bid sometimes (I've watched, as the bond price has moved up these past few weeks).
Regarding SandD. It's a complicated one. Equity will be cut big. Geez, if Atlas goes through as proposed and quickly, wow!
But SD, is complicated which leaves clarity up in tha air.
The way you do math on it does not quite click for me to understand (yet).
I like to get a sense of what the proposed equity will be after the BK, if resolved with court as proposed.
Lib makes it clear that debt and liabilities must be considered as an offset to book value.
Based upon SD's BK announcement, with L1, L2, unsecured, etc., resulting equity, I'm not seeing consistency from SD's numbers, which means likely I am not understanding.
Also,
** not understanding how or where you get "$.017 per one dollar of unsecured debt," and in relation to what.
** And on face, $37M does not necessarily seem that much considering when spread amoungst equity holders.
** 25% cash back is on post-BK valuation of unsecured bonds?
I see various still-trading SD bonds.
Lowest bid $.065. Asks at $.076/$.078 by $.09.
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