Originally Posted by p4inkill3r
This particular article is FUD.
Headline: bankrupt warning!!!
Lede that was buried: "However it looks like the firm might be safe for now. "
The investment company put out a bankrupt warning.
The article commentary (not from the investment company) say that they are still safe. He does not represent the investment company warning. It is his opinion. Also what he says doesn't interfere with what they say.
The fact of the matter is, is that the company has 785M$ in cash. They are losing every year. They currently have a 2.26B$ in debt due in 2019.
This means that for the next 2 years, unless they really lose their pants and drop the ball with zen and polaris, they can stay alive using that cash. But it doesn't change the fact that unless they have 2.26B$ to return in 2019, they go bye bye.
Those are the numbers. They are a fact. Not some made up "FUD".
It is simple math. You now have 785M$. Lets say they lose just 300M$ a year instead of the 440M$ they lost this year. That means that 784M$/300M$ = roughly 2.5 years left.
And since they sold their facility last year in order to be able to mount that amount of cash, what do they have left to sell in order to cover the debt? Just answer that please.