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dabullishbear

05/04/17 12:01 AM

#32187 RE: brojazzy #32180

You may be right, but I do believe Cellucci when he says that they are sedulously working to avoid an RS. Whether they can pull it off or not remains to be seen, but I don't believe he was just saying that to make us feel good. I really think they are doing everything they can to avoid it and I have my fingers crossed that he can pull it off.

shotsky

05/04/17 12:02 AM

#32188 RE: brojazzy #32180

My only response to this is that the current management has a different view than the previous management had. I think this management wants to dig out of toxic debt and become successful. An RS might be in the cards in conjunction with a reduction of AS, but if the CEO says no RS, I'm sure he means no RS to permit further dilution. That tells me that he plans to use revenue to pay down debt (or sale of assets, etc) instead of permitting dilution. I would really, really like to hear him state that, however.