RHI Entertainment

[mhdousa]

Baupost Group, which had held 36% of the shares in RHI Entertainment, sold out of their entire position last week at around 20-40 cents a share.  They had bought most of their position in 2008 when shares were around $13-14. 

Anyone know what happened here?

http://www.sec.gov/Archives/edgar/data/899869/000106176809000170/xslF345X03/rhieform4amend4_ex.xml

[QLEAP]

RHIE is loaded with debt and their cashflows have significantly decreased this year. They signed a forbearance agreement and are on the verge of bankruptcy.

 

http://biz.yahoo.com/e/091224/rhie8-k.html