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Talk About Tulsa => Other Tulsa Discussion => Topic started by: zstyles on July 10, 2008, 11:22:08 AM

Title: Tulsa Company - Entry into a Material/8k
Post by: zstyles on July 10, 2008, 11:22:08 AM
Anyone have any insite on to what this might be? This is a major Tulsa employer..who's stock has dropped MAJORY in the last two weeks..

http://biz.yahoo.com/e/080710/dtg8-k.html

ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
Title: Tulsa Company - Entry into a Material/8k
Post by: cannon_fodder on July 10, 2008, 11:34:10 AM
As the article states, it essentially increases the requirement to keep the lenders informed as well as keep an increased reserve of liquid assets.  It seems they are granting greater transparency and security to lenders as their stock plummets.  Presumably to keep lines of credit open.