I would if there was a buck to be made ... and I don't mean turning $1,000 into $1. Raising equity working capital to fund interest payments to the lender is not an investment worth considering.
Need to see something more substantive about the credit facility other than what SSN has provided and Anvil marketing. In interest payments were PIK for example that might be a bright red flag. Also who is the counterparty for the hedging on the PDP reserve? Run by a Columbia Business School MBA ... so no dummy and not likely to finance something that fails a simple test of being able to service the loan.
Keep in mind though ... I don't care if AEP makes money ... I'd just like to see whether shareholders would benefit before I look to extract my capital once trading resumes. Pretty much heard enough of TB BS to last a lifetime.
SSN Price at posting:
1.5¢ Sentiment: None Disclosure: Held
