Discussion in 'YRC Freight' started by Kennesaw Kid, Jul 14, 2017.
Keep connecting the dots.
Get real, of course they paid it down, They could have issued/sold more shares of stock on the open market and used the cash received to "pay it down" in cash or they could have effectively done the same thing by a transfer of shares like they did. Try to learn and understand how corporate finance works. However you want to look at it they payed down/eliminated/reduced their long term debt.
PS - Maybe you could write a letter to the banks explaining to them how you know YRCW stock is "worthless". I'm sure they would really appreciate your valuable information.
YRC Worldwide bondholders approve debt-for-equity swap
“This was all possible because of our members’ willingness to make necessary sacrifices. The modifications and extension of the MOU facilitated a $300-million debt reduction announced on January 31, and now with this refinancing completed and announced on February 13, the company has extended maturities and more favorable terms that will allow it to put needed capital back into the business. We will redouble our efforts to ensure management puts the savings back into improving operations.”
If there was no effort and you "redouble" it was does that equal ?
Zero is still zero even if you "redouble " it.
When you keep seeing dots everywhere you look maybe it's time to make an appointment with your eye doctor. Just saying.
Keep connecting the dots and it will look like a pile of you know what.
Don't be a condescending jerk.....the members see where these dots are all connecting for 2019, as well as you, but you won't admit it.
Hey watch it,
personal attacks and name calling are against the rules, aren't they?
PS - I don't have a crystal ball, I'll deal with events when and if they happen.
I said don't be one.....are you?
I don't know, I'll have to take a poll, but I think I know how you'd vote.
But a least my buddy Wong would stick up for me.
According to the likes.......Its 2 to 0 against you..
Maybe you guys could try a weekend PTS trip together like Wong and myself run??
Not a very large sample, I'll have to call out my "toadies" and get them to give me some "likes".
Naw.....Im retired now, the only tractor steering wheel I hold now is green with yellow wheels.
So now your an old goat.
You have to phrase it this way so you don't get in trouble - "Don't be an old goat".
I remember this old lady at local 745 meeting about the second pay cut and pension relief.She was walking around saying save my pension save my pension.Then she was awarded a plaque for her lifelong membership.Supposedly life long member.Nobody knew of her.Wonder if she is alive and worried now?Thank You Brent Taylor for that great show.