CBL & Associates Properties, Inc. CBL

$CBL

Simply put - No DIP, No need to file Chapter 11

$CBL

imo, there will be NO filing

$CBL

Most importantly - here is your BIG clue that equity here will remain solvent:

Bowman Gray IV, a local independent stock broker, said the restructuring support agreement allows for CBL "to not have to arrange for interim debtor-in-possession financing”

So, CBL is making interest payments, renegotiated exist loan -terms- only, and, has delayed and chapter 11 filing saying, IF they file, it will be OCT 1. Those are ALL clues that things will REMAIN good here.

$CBL

On the upside, the company made $30.4 million in interest payments in early August, enabling it to stay current on all unsecured debt. Quite a contrast to other companies entering restructuring deals.

$CBL

Regarding malls, dont know which you are going to, but, the ones I am going to are crowded. Only difference is everyone is wearing a mask. Plus, unless U am mistaken, CBL has office buildings. Where I am, people have already gone back to work. CNN and liberal news stations are spreading bullshit lies about what is actually going on.

$CBL

Put this in perspective

CBL volume was 23M
Microsoft volume was 26M

BIG move coming here

$CBL

Always count on a short seller hitting the bid, right before 8pm ;)

$CBL

Also, with a merger or acquisition, the debt restructure would remain: ;)

https://www.thebalancesmb.com/what-happens-to-a-contract-when-a-business-changes-3974595

$CBL

Note, as well, there have been 411 PRINTS all day. And, it is not chapter 11 news. They already put OCT 1, as that date. No, it is something else. Something significant. The only thing that would cause repeated 411 PRINTS is a coming merger or acquisition announcement. And, you can take that to the BANK.

$CBL

Not talking about potential 20% gain. Talking about a 5X or greater gain potential, on CBL. If they announce merger or acquisition, as I firmly believe, this will jump past $3, imo.