The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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From: Travis_Bickle	9/10/2007 6:00:28 PM
	Read Replies (1) of 306849

This is rich: Beazer Homes said the notice's claims are false because the bonds don't require the company to file reports within a certain time period. marketwatch.com Gotta love the sheer bravado and chutzpah there. It takes brass balls to go before the court and argue: "Your Honor, under the terms of the indenture, we don't EVER have to file financials, but if we do, we are merely obligated to provide a copy to our bondholders within 15 days. So, in theory, we could go 15,000 years without filing financials, and we would still not have breached our covenants!"

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