Monday, November 13, 2017

CIE Conference Call


All discretionary spend is being eliminated. We have interest payments due in our bonds in November and December that we are mindful of. Given this, we felt it appropriate to engage these advisers to assist us in analyzing all of our alternatives, including a restructuring or reorganization under Chapter 11 of the Bankruptcy Code. As part of Houlihan's engagement, they have recently initiated constructive conversations with our bondholders. That dialogue continues.
YTM on bonds is now 180%.

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