GET READY
Man Davies
Posts (4982)
Have I dropped enough HINTS short seller? Or, are you just going to WAIT till the iron skillet smashes you in the face??
And, this is WHY short sellers should be worried- :)
https://www.brookfieldpropertiesretail.com/content/ggp/en.html?intcmp=about-us;globalnav;logo
For any CBL short sellers. Dont say you were not -WARNED-:
If you are a short seller, you need to refamiliarize yourself with the term -MARGIN CALL-
$ CBL
$3 Book per share
$5B Assets
$220M in free cash
Oct 1 release was prefaced with -IF- we file c11. Subsequently, they made a $34M interest payment. That isn’t something a company would do, if they ACTUALLY planned to file c11.
Renegotiated loan terms [ie. restructured the loans]
(DONE - no need for DIP, hence no need for c11)
Business as usual for CBL
Multiple 911 PRINTS yesterday. Given we are past the restructuring news, and, the already released about Oct 1., the news could only be related to buyout or acquisition.
Every time I see a NEW short sell, I cringe with EXCITEMENT! :))
I am just wondering. What will shorts do when CBL announces it is in buyout talks? Will they try to short some more, or will they try to COVER. My thought is that the shorts on CBL are pretty stupid (based on what I saw on lvl 3, yesterday). They will probably try to short some more. Then, we REALLY will be looking at a squeeze more EPIC than the one that is ALREADY coming.