Perhaps by "going dark," RR intends to take advantage of panicked investors and buy back their bonds at a big discount. Then a couple of years from now -- a couple years before their current bonds mature -- they'll reopen ties with the SEC to pave the way for a new bond offering with the expectation that there will be no investors out there who are unaware of their negative history.For myself, I believe it's all going to come down to what they do on that first coupon payment in May. If they pay up, it will be clear to bondholders that remain that the bonds still have value and the sell-off will stop. I bought very close to par, so I won't be quick to sell; I'm waiting for May to get that first coupon payment which I believe they won't shirk on.
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