Just going by the facts and of course, provided the $64 mil trades this morning does relate to MFS.
I really do think this could be the best thing for MFS if they can settle their debt without touching Stella. Just wish they'd gone down this road rather than trying to raise extra capital thus causing the SP crash last week.
Their SP would not have taken nearly the beating it did had they done this last week.
That said, if they come out and announce the debt is cleared, sentiment is going to reverse and there will be a rebound.
MFS Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held