Eros International (EROS) versus GeoInvesting is not ending just yet, even though the stock has bounced back since a steep fall last week.
A new report submitted to Geoinvesting by FG Alpha (the hedge fund run by Geoinvesting co-founder Dan David) warns of a “very real liquidity crisis” at the distributor of Bollywood movies, citing as evidence a ratings downgrade by S&P and the company’s aborted bond offering of between $200 million and $260 million.
“We think the wheels are falling off at Eros,” the investing site said March 16.
“Eros seems to be quickly approaching a wall of debt and contractual...
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