The only tea leaves that matter are related to free cash flow. It is interesting Hadley did not mention FCF in his comment on the Oasis action this morning. That seems negative.
Obviously Oasis is pissing their pants based on its analysis of the market/iAnthus as it relates to its $25M unsecured loan, which in the event of a bankruptcy will get whacked almost as hard or perhaps just as hard as common stockholders.
Gotham Green Partners 13% $100M debt is secured which means it will own the company in the event of a BK and unsecured debt and common will most likely get whacked.
At this stage, take a look at company cash position, then draw a line on a graph from that point to FCF positive and determine if the company has enough cash to reach that point, based on burn rate. If the answer is a solid yes, the common shareholders should be OK and the stock should move higher.
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