NIICEEE...best parts:
Significant reduction in debt & future PIK rates: $88Mil to 1.5%, Interest rate down to 8% from 10%
No Interest payments in 2018
No cash interest on unsecured notes
Cash balance of $37Mil plus facility
Backlog of 45%
and, what any blind Freddy can forecast, but, lets just say it again...
Expect to see benefits of both increased demand and increased price in 2018
