maybe it opens at 45 or maybe 75c...as there is little stock available at the current price range and a short squeeze is possible.....
instos may not request a steep discount (for a backstop placement) as the refinancing is nearly completed...i.e one bank agreeing to extension and placing placing caveat is pretty damn close wouldnt you say ?
Deep discounting not required if current holders happy with refi talks or there is strategic buyer to arb it too next door in the event of a takeover attempt.
Just my well trained read.
Cheers !
OZL Price at posting:
$5.50 Sentiment: Buy Disclosure: Held