BT why did HNC seemingly "trigger" the VA risking their 100 or so mill exposure just before they were about to equitise their C-notesunsecured for about 15% of CMR at 42c ?
Playing for high(est) stakes ?
Now they hold the pole possie for the lot.
And the other C-note holders will prob get there's back along the way.
Only losers will be the shareholders .... as always
Lets see how it pans out. As I said there are bigger issues in play and these are being looked at methinks.
IMBOOCAWP !
CMR Price at posting:
15.0¢ Sentiment: None Disclosure: Held