from what i read bionicboy just asked thommo where he could find...

from what i read bionicboy just asked thommo where he could find the information relating to $1.8 billion of debt being reduced to $1 billion.

in fact there was at least one other poster ask similar yesterday. thommo's initial response to bionic was aggressive to say the least.

calm down fella's and lets try to keep the conversation constructive.

i have to admit as to having a change in sentiment myself from yesterday afternoon. on face value this is a very tangible business and i do believe it will be a survivor but perhaps not before there much more of its chain has to be sold off? jp morgans have certainly not been a white knight thus far, to me they appear to be a vulture. i really do think it looks like the shorting has been exaccerbated post placement which gives legs to this theory.

imho eddie has to go, too emotional and wouldnt be human if he wasnt suffering some type of after affects from his own massive personal loss. he at least needs to stand down to a non exec director role and hand over to someone fresh and well credentialled if not leave altogether.

so imho we are looking at short term downside (perhaps significant -50cps not out of the question) followed by longer term consolidation as the empire is rebuilt.