$MNK keep in mind that bondholders knew the terms of the debt change offer before it was published to the public. How come the details of the Deerfield switch would be described in the 10-q released early morning? So they know they will have to abide to the terms for a while. Bondholders would rather go through a debt renegotiation with management that runs the day-to-day business than to try the same on a bankruptcy court. On December 4 or 5 we will get the details of the whole process and shorts can bet their a$$ES that debt will be slashed significantly. Bankruptcy is a shorts dream now. 19 trading days to cover.
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