Ok, first and foremost, I am glad the deadline for me having to "eat my shorts" on YouTube has passed. Pfffffew. Although, frankly, at the 50c hurdle that was never much of a real risk. Now, it appears that our friends at RED are making things increasingly difficult for themselves. What do I mean? Well, my (very reliable) sources tell me that Credit Suisse is now actively shopping the debt around - this, at the same time the company is seeking to raise capital! Woah...is there anyone home at RED with some basic common sense and/or finance experience? At the very least, would you not work with your bankers (who, to make matters interesting, are now both on the equity and debt side) to coordinate this a bit better? On "The "Big Bang Theory" the word "dumbass" is used a bit....would be a great heading for a new "sentiment" box.
RED Price at posting:
62.0¢ Sentiment: None Disclosure: Not Held
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