I read through the document from the River Rock investor login today. I didn't find anything dramatically negative. It looks to me like the document was written with as much effort as an SEC compliant document would be. The avoidance of SEC must have to do with not wanting to be supervised, and that is annoying.The bonds did sell off, but the sell off is on low volumes. It looks like retail investors in a panic, but any large holders are keeping their cool.I'm very interested to see how they actually implement this requirement to buy back debt with excess EBITDA.
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