Apr. 22 at 8:39 PM
$FMC the amended credit terms told the equity market- we are screwed since we missed sales projections again, our ebitda for q1 was a miss, our india asset sale is not coming in accruing to our hopes, and our licensed deals are not paying us what we want.
Basically the share holders are now subordinate to new preferred and secure bond holders who are collecting above market interest for junk high yield bonds- another thing that will crush their ability to get to break-even. Pierre B has got to go! He is a clown.
