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Bankrupt Regent?

Are you starting an over/under like was done for Citadel?

It'll happen as soon as the prepackaged deal's done. How's that?
 
At this point it almost doesn't matter because it will be business as usual if Regent follows Citadel and goes with the pre-packaged bankruptcy. A half dozen banks will then own Regent and ratchet up the pressure to increase sales and reduce expenses. Does all this sound like a funeral ad in the paper or those billboards along I-275 in Tampa that read "Pre-packaged funerals staring at $699!"

A number of on-line publications report Regent blew off a $1.3 million scheduled payment due December 31, '09 and the company has been trying to cut a deal to restructure its debt since February '09. CEO Bill Stakelin continues to negotiate with lenders but in the meantime the company is conserving cash. That usually means means salary cuts, layoffs or worse, reduced capacity in the Jack hard drive and rationed paper towels and tissue in the ladies' and men's rooms.

Entercom looks likes like the only cluster operator in Buffalo that stands on a firm foundation.
 
I would ramp up the timeframe on any over/under bankruptcy wagers. Blowhard Bill probably sealed his fate by publicly admitting that he was playing games with his payments.
Banks don't like that.
 
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