Well, sort of. They are both variations of the same thing, though one calls for an outright liquidation, the other a reorganization with significant creditor haircuts. The latter is not feasible unless a company has realistic prospects of a rebirth and somewhat cooperative creditors. The Kaz tax authorities are a huge wild-card either way. Equity cannot survive either type of bankruptcy intact. And I am thoroughly convinced that regardless of where the company was a week ago, today it is probably a decomposing stinking carcass due to the further erosion of oil prices. My analysis is based on a careful reading of the subject AGR deal RNS with references to oil price assumptions and fully disclosed solvency requisites. And we still have not heard from MXP as to whether or not the Kaz reorganisation filing was a planned component of the AGR proposal, or an alternative necessity. MXP is silent on the topic. I'd say that bodes poorly for the company's prospects, since we know from reading the RNS about the highly contingent AGR proposal that any formal reorganisation filing is defined as an "Insolvency Event," and said reorganisation filing was not mentioned as a preplanned event in the subject RNS. Maybe the Wordsmith will release an explanatory RNS. But I doubt it. The next thing that you hear from MXP is likely to be confirmation of the death blow to the outstanding equity float by way or mass dilution or liquidation. One way or the other, MXP PR seems to be of the opinion that it has hit the vocal common shareholders with enough clever word-craft to keep them pacified until the inevitable dooms day RNS is released. You will feel extremely stunned when that RNS is published. Try not to be. The fix is in already and has been fully disclosed. You just have to know how to decode the Wordsmith's secret messages. Just my 2P. OilySpelunky
As far as I know the Kazak rehab agreement is their equivilant of a CVA in the uk. A CVA is an alternative to Admin - FYI
"I think that there is nothing more to say about this until I see that bloke down the pub [sic] and find out what he thinks of what he has seen on here." I will definitely agree to those terms. I would also respectfully suggest that the group schedule an additional meeting together in the very near future to discuss the physician's findings in a "roundtable" sort of fashion, and so that we may "circle the wagons," as they say in the Wild Wild West, and each tell our own unique war stories about MXP. I will fancy a go at each of you who have acted as the emotional "enablers" of my alleged mental disorder. My preliminary thoughts are that we plan on gathering at the original meeting of creditors in the liquidator's office as soon as the company is formally put into administration. I shall take the lead on reserving a conference table at the conclusion of the bidding on the MXP office equipment. This will be a convenient way to schedule our journeys around an undoubtedly pending event that we will each be interested in monitoring. I reckon that by now, MXP only has a few days left. Sound like a jolly good plan then matey-mates?
I've recently commented on the negative and deceptive comments made by a Walt that was hiding in plain sight. So far, nobody has been able to write so much as a single controverting sentence in response. I shall, therefore, consider the deafening silence as a ratification of my theories and ideas, and will remain at peace knowing that we all agree on my views of Walts. Under the circumstances, such a conclusions seems acceptable and reasonable. I think that there is nothing more to say about this until I see that bloke down the pub and find out what he thinks of what he has seen on here.
Silence is Golden
but my eyes still see!
Perhaps a more fruitful project involving the usage of this BB would be to engage a research analyst to study MXP, and not other posters. Trolls go to BB's to engage other posters in off topic conversations. Thoughtful people with higher IQ's stick to analysis of the companies made the subject basis of the board. I've recently commented on multiple negatives and some deceptive MXP conduct that was hiding in plain sight. So far, nobody has been able to write so much as a single controverting sentence in response. I shall, therefore, consider the deafening silence as a ratification of my theories and ideas, and will remain at peace knowing that we all agree on my views of MXP's prognosis and the very morbid current state of affairs. Under the circumstances, such a conclusions seems acceptable and reasonable. I thank you all for your silent support and unmitigated acquiescence.
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