RE: Anybody knows what is happening here?19 Feb 2025 07:56
Thanks Laura.
Yes, the covenants are an issue. A couple of years ago, I saw the debt was North of 200 Mil, so they did pay a chunk off with the RI. Obviously the writers strike would have hurt them in 2023, but if the figures for 24 show a vast improvement, this could fly. If it is the reverse of course they are technically insolvent.