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- What price range will FBU close at the end of trading on 12th February ?
View Poll Results: What price will FBU close at on 12/2/2018 ?
- Voters
- 46. You may not vote on this poll
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$8 +
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$7.50 - $8
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$7.00 - $7.50
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$6.50 - $7.00
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$6.00 - $6.50
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$5.50 - $6.00
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$5.00 - $5.50
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Under $5.00
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Originally Posted by Rep
The delay today seems to have caught a number of folk unexpectedly including the board, management and PR corps - it might be too soon to use the adjective of arrogance that they would have a waiver as a fait accompli when there's a couple of billion on their loan marker. A banker might want to play hard ball on that line fee now...
Well put, the b****ers have a tight grip on their soft spot and will be screwing them to ensure they get paid, whether it's sell some assets, do a cap raise, issue some debt .. whatever it takes, FBU can pay (back) their way out if this. Too big to fail? No not really, that's a bit drastic and unnecessary. There is a way forward, it just won't be to shareholders liking whatever the outcome.
Never ignore the words 'default on banking covenants'. Control shifts in unpleasant ways, for equity holders.
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