I heard a big portion of the new loan is to provide large bonuses at the SVP+ level. The self enrichment continues..
4 replies (most recent on top)
Was also a scam to exit their stock with a slight brief bump. Whole thing is a scam. Sadly the US government will never investigate.
But hey, Lets all do as Dennis asked and go beg our friends, family, gas station attendant to sign up with Optimum!!!
@OP I can’t believe there is anyone still stupid enough to loan these id--ts a dime! And yes it will go straight to Sr Execs.
you heard wrong
the loan was used to fund a tender offer. a tender offer repurchases stock.
this enabled the movement of assets to the secured group. so technically execs could have tendered a portion of their shares (90% of shareholders did), so that's a "bonus" of sorts, but no it's not a new bonus.
SOURCE: https://investors.optimum.com/sec-filings/all-sec-filings/content/0001104659-26-080797/0001104659-26-080797.pdf