There should be some decision in the coming month. The covenant deadline is 30th of June.
If there is no news before then, there is a huge stampede heading to the exit.
I might be wrong and htran might be right. But every passing day with no news on the refinancing only increases the likelihood that something is not well.
So be wary instead of getting swayed by wishful thinking by putting more money after bad one.
We all took a swing and the cards didn't fall our way.
Ann: Reopening of Aristo International Hotel Casino Operations, page-106
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