very hard to raise capital when your share price isnt worth squat. $25 million is hardly worth the effort on a 360 million dollar debt. The banks are interested in CDR succeeding and extracting as much interest and funds as possible. The banks couldnt care less about CDR, they care about the bottom line. If it serves their best interests to see CDR try to trade its way out then they will do their best to assist in this. Their best option is to see CDR recover or at least try and and in doing so improve CDR's balance sheet whilst recieving interest payments and taking the majority of CDR's profit. Better this than trying to extract their money from a liquidating business with minimal real asset value. Banks are self serving (Not that that is bad) - have always been and will always remain so. (OPES prime is an example).
CDR Price at posting:
0.0¢ Sentiment: None Disclosure: Held
