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From today's release:
The Company anticipates that without an amendment to the Company's revolving credit facility to increase borrowing base availability on or before August 15, 2009 (the date the borrowing base certificate as of July 31, 2009 is due), the net borrowing base availability at that time will be significantly less than the borrowings outstanding under the revolving credit facility at that time. If the Company is not successful in obtaining a bank amendment addressing its borrowing base liquidity and other needs on or before August 15, 2009, the Company anticipates that it will likely not have sufficient liquidity to continue its normal operations and will be in breach of its minimum liquidity covenant under the revolving credit facility at that time, or within approximately a week thereafter. Rating :
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Messages in Topic
| Subject | Author | Rating | Time of Post (ET) | ||
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Wow. OHB could Be BK Within 2 Weeks. The End Is Near......
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hb_shorty20... | Not rated | 4-Aug-09 12:11 pm | ||
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I guess you didn't cover your short position. You...
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roberttlask... | Rate it | 4-Aug-09 06:30 pm | ||
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Post what you perceive to be the "pertinent p...
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hb_shorty20... | Rate it | 5-Aug-09 10:43 am | ||
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And please explain how saying they will be ba...
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hb_shorty20... | Rate it | 5-Aug-09 10:45 am | ||
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Avoid this stock for now.
Put in the symbol OHB...
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tandra.lieb... | Rate it | 10-Aug-09 01:33 pm | ||
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Not knowing much on high finance-do you really thi...
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kahuna1103 | Rate it | 12-Aug-09 04:42 pm | ||
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It's irrelevant what I think. But the company...
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hb_shorty20... | Rate it | 12-Aug-09 08:30 pm | ||
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Looks like they secured a 6 week stay of execution...
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hb_shorty20... | Rate it | 14-Aug-09 10:23 am |
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