Discussion in 'Retail Brokers' started by quintrix, Jul 14, 2008.
When should they declare bankruptcy?
Not until a bunch of ET FNM/FRE buyers come in to take their LONG shots on this one too!
In case you didn't know, they raised $300 million back in late June by issuing Convertible Senior Notes that yield 9-9.75%
So in answer to your question:
Not any time soon.
any specific reason given by MF for raising the $300 M ?
To replace the $141 million that Evan Dooley lost trading wheat plus some extra for "unknowns".
Did they announce any news to redesign their risk management software ?