nicehit: That's why I stated before and I'll stand by my statement that I think YA knows they can't play this dilution game for a third time around the block and be nearly as successful as in the past.
There would be too many of us "old-timers" to warn off innocent new blood. I'll be one of them if that's all this turns out to be.
Nope, that's why I'm content to see how this plays out. I still think a BIF is in the wings to oust YA and start a new era for NEOM.
A BIF would need shares to oust YA and takeover the company. That's what the R/S allows. That's why I stated before to vote FOR the R/S and allow the BIF to come in. By not voting in the R/S, it made the ouster of YA that much more difficult, costly and time-consuming for all of us.
If NEOM's going down, why the new digs? Just get it over with. I think this settles the NEOM going BK question. For whatever reason, they don't want that to happen. They're not letting that happen.
If they're not setting this up for a takeover, then paying the possible hefty tax burden just to allow YA to convert what they can (will be hard w/ few new buyers) all the way down to .0001 makes no sense if what a lot of folks think of NEOM is the case...that they'll never make enough to even pay the interest on what they owe.
Doing this just so YA can try in vain to dilute their way back to even and just to give Laura a paycheck? She's better than that. YA doesn't need that headache and burden. That's why they're shopping the debt. Again, if folks don't think that NEOM can ever even pay the interest on their loans, then there's no other way to look at the new terms YA has afforded NEOM to bring in a BIF and usher YA stage left.
They want out. The R/S allows that to happen.
A lot can happen in three months.
lns
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