I hope the GSO deal gets up & wipes $ 1b of debt leading to a re-appraisal of SP taking it to 10 cents per share or $ 300m Market cap. ( which may seem high but would only be 10 % of Net Assets)
They do a 1for 1 at 10 cents to raise $ 300m
Thoughts ? ( please no more banging on about management/board)
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