The way I see it is that Elliott has thrown CIM a lifeline so their accounting figures will look much better re debt. The reverse factoring agreements issues of last year hurt CIM with regards cash flow and made CIM look better than it was. Also the Dubai writedown hurt CIM. Hopefully this cash injection may help to increase sp in the short term, but they have other issues outstanding.
should you buy on the way up or wait for pullback, page-23
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