RE: Musings21 Dec 2022 11:37
What a load of garbage you have no idea how these things work. This will get extended on the basis that VASts Assets across the board are worth tens of millions. BP is going in the right direction and i'm sure at somepoint in 2023, hopefully near the April target set by the management, it'll start turning a profit. BP alone is worth multiples of the debt.
They'll be happy to extend another year or 2, keep recieving their generous interest payments knowing that at somepoint VAST will get it right and they'll get their money back. Otherwise the assets are worth enough to derisk it for them
Its a complete non event. Scare mongering. The debt will just be repackaged or extended. You'll see