nas: No it does not. The loans are due in less than 7 months. The SEC suit has made it very clear that YA's investors don't want them to restructure again. At the average volume, YA can only convert about 500-600M shares before maturity.
And when 5 billion outstanding occurs, it will be an event of default under the debt agreements with YA.
As NEOM draws closer to that reality, investors will realize they are in the HMS NEOM at the bottom of the ocean with no air tank, no life vest and the contract labor executives will be on Grand Cayman's 7 mile beach sipping boat drinks.
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