The issue here is one of trust in management - and in particular - Cohen.
If you pump a stock too much - it comes back to bite you.
It is alleged, that last year when a broker (who I will not name) asked too many questions regarding debt, capital structure, etc they were banned by management.
Mapple B A - have sold out - and they have a rock solid reputation for probity etc
Having an equity draw down facility - is the worst possible look and IMHO a disgrace - this alone should mean that Cohen is sacked - the only thing that will save him is his relationship with the Allco boys (rebadged Oceanic)- so if he does keep his job - be suspicious. he is a lawyer / investment banker - not a ceo.
this stock is way below investment grade and has a very bad smell about it.
it may bounce, it may not. however, it would appear that there are fundamental cultural problems.
just my opinion, no investment advice, don't believe or rely on anything
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