Thanks Newman, that's what I thought... it doesn't say that they were looking to get rid -- or refinance all by March 1st -- it only says that that JPM and Evercore were working on several items, including Operational improvements; Existing debt holder discussions; and New investor discussions... and as we can see, it says nothing about them looking to refinance ALL of the expiring debt by March 1. But rather, it says that they were looking to complete these 3 areas by March 1.
...and I point out that "Existing debt holder discussions" is a rather broad statement. It doesn't mean that they were looking to refinance all by March 1, just complete this part of the discussions. If I remember correctly, this statement was then discussed on this board with several speculating that wouldn't it be nice if they DID complete it all by then, not that they were looking to.
I also point out, that this is how this management gets maligned... perhaps some instances -- justly, but more often than - unjustly. Karmazin was blasted on this thread for promising to refinance all by March 1 -- when he never said it. Which leads me to quote a good friend of mine who used to say, "Message boards are wonderful tools, but they are not the real world."
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