Mar. 16 at 8:04 PM
$CBSTF The market seems to be acting like the company is going to default on its interest payments. It clearly will not. It has ample cash not just to pay interest, but to pay down millions of dollars worth of secured notes, which it has said it will do. It is almost certainly engaged in capital restructuring negotiations with its creditors the outcome of which should be a much healthier balance sheet -- even if it also entails a significant debt for equity swap and concomitant dilution of existing common stock shareholder. Win win overall, and federal rescheduling likely still on the horizon.
