MEC down over 50% today

[DogsUp]

Here is the link: http://news.bloodhorse.com/article/47330.htm

Now I am not a business person at all, but if the shares continue to decline, could the people who own MEC debt cancel the Breeders Cup?

[hi_im_god]

Originally Posted by DogsUp

Here is the link: http://news.bloodhorse.com/article/47330.htm

Now I am not a business person at all, but if the shares continue to decline, could the people who own MEC debt cancel the Breeders Cup?

bondholder's aren't the same of shareholders.

your question is could the bondholder's cancel the bc if mec seeks bankruptcy protection.

i'm not sure.

but it's like asking if they could burn santa anita to the ground.

why would they want to?

[DogsUp]

Originally Posted by hi_im_god

bondholder's aren't the same of shareholders.

your question is could the bondholder's cancel the bc if mec seeks bankruptcy protection.

i'm not sure.

but it's like asking if they could burn santa anita to the ground.

why would they want to?

Good point and thanks

[The Bid]

Because it has a synthetic surface thats not fit for racing, burn it to the ground

[docicu3]

Originally Posted by hi_im_god

bondholder's aren't the same of shareholders.

your question is could the bondholder's cancel the bc if mec seeks bankruptcy protection.

i'm not sure.

but it's like asking if they could burn santa anita to the ground.

why would they want to?

If MEC went bankrupt which is not an impossible event that would essentially make certain that racing in Maryland would fold. Closing Pimlico and allowing the decay of Laurel to the point where simulcast customers outnumber people in the stands most days 5-10 to 1 just shows you why Magna deserves this stock price and less.

[-BT-]

this company had to go through a reverse split 1 for 20 just to keep its listing on nasdaq, why are people surprised its been in a steady decline since that point. But yesterdays activity was pretty out of the ordinary in regards to volume.

-bt-

[blackthroatedwind]

Just a guess, but isn't one of the remaining " assets " of Magna the property, and if this financial crisis crushes real estate, aren't they left with virtually nothing?

[freddymo]

Originally Posted by blackthroatedwind

Just a guess, but isn't one of the remaining " assets " of Magna the property, and if this financial crisis crushes real estate, aren't they left with virtually nothing?

What about Frank's soft drink?