Man Davies

4982 posts

Posts (4982)

Man Davies NIO 6 years ago #1162

$NIO

Have a feeling there are some VERY serious defects with their vehicles.

Looking to SHORT this

Man Davies NIO 6 years ago #1163

$NIO

Their vehicles are Glossy Pieces of Shit

You will see ;)

Man Davies CBL 6 years ago #1166

$CBL

If you are going to post c11 news, at least make sure it is current.

No Debtor in Possession procedures required, as they completed all redoing the loans on their own.

No DIP, no Chapter 11

It is no longer required

Man Davies CBL 6 years ago #1167

$CBL

Not quite - Chapter 11 is for Debtor in Possession proceedings. There will be no Debtor in Possession, as they renegotiated loan terms on their own. No DIP, no need to file Chapter 11. They are not going to file Chapter 11 to restructure, when they have already renegotiated loan terms (ie. restructured the loans). That would be pointless, and, it is not going to happen. ;)

Man Davies CBL 6 years ago #1170

$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.