tag:blogger.com,1999:blog-1527840491496268397.post4864836291710991528..comments2024-03-08T11:20:30.095-07:00Comments on Credit Bubble Stocks: Seadrill Bond Traded at 33 CentsUnknownnoreply@blogger.comBlogger4125tag:blogger.com,1999:blog-1527840491496268397.post-9782789169798117142017-09-06T09:24:54.306-07:002017-09-06T09:24:54.306-07:00Equity still has ~$150m in value with BK less than...Equity still has ~$150m in value with BK less than a week away. <br /><br />"It is likely that the comprehensive restructuring plan will involve the raising of approximately $1 billion of new capital, an approximately five year extension of our bank facilities and a deferral of amortizations and will require a substantial impairment or conversion of our bonds, as well as impairment and losses for other stakeholders, including shipyards.<br />As a result, the Company currently expects that shareholders are likely to receive minimal or no recovery for their existing shares."Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-88470506095365647602017-06-26T15:58:27.966-07:002017-06-26T15:58:27.966-07:00Are you following the SHLD situation? Appears July...Are you following the SHLD situation? Appears July could be a pivotal month for the company. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-4974392167064628222017-05-31T14:46:32.881-07:002017-05-31T14:46:32.881-07:0033 cents means 33 cents on the dollar33 cents means 33 cents on the dollarAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-54547247485965297712017-05-28T21:20:33.605-07:002017-05-28T21:20:33.605-07:0033¢? That seems a tad excessive for $100 face val...33¢? That seems a tad excessive for $100 face value. Are you sure you put the decimal in the right place? Rob Dawghttps://www.blogger.com/profile/10042154106850545479noreply@blogger.com