RE: Rns5 Dec 2018 19:55
LIUUUU A (D PicturePerfect! AVU On A Time S & V SHIMON and Fir Law 10. In addition, the Company has published a proposed outline for a comprehensive arrangement with Rainmaker and bondholders to discuss the terms of the outline, as you have noticed, the outline Which was proposed by the company, including the early payment of a principal to the holders of the ship to provide collateral to the holders of Agayim, etc. This is a plan that may eventually serve as a "good deal" for the debenture holders and requires significant investment by shareholders in the company. Is there a willingness to invest money by shareholders in the company, does the level of responsibility not require clarification and exhaustion of negotiations on this matter? Do you know and know the risks that exist for the debenture holders in the process of immediate repayment and legal proceedings What damage will be caused to the debenture holders if the decision made by the trustee is delayed for 45 days for the purpose of conducting negotiations? Chose, for its own reasons, not to allow holders of bonds wishing to vote in favor of negotiating with the Company regarding the terms of the outline proposed by it, and it seems that the Trustee has chosen and continues to choose not to examine responsibly all the implications arising from other decisions on the agenda. The Company believes with all due respect that the Trustee and anyone acting on its behalf are responsible for such decisions. Furthermore, as you well know, the repayment date of the first Agam fund is fixed for more than two years, on December 31, 2020. Nevertheless, due to possible fear of non-compliance with financial covenants, which has not yet been formulated in accordance with the terms of the Deed of Trust, the Company decided to act responsibly, not to wait for the last moment, to present to the holders of Agamim all the risks involved in realizing the Rainmaker purchase option Which in its opinion is in the best interests of the Company and its creditors, the non-realization of which may prove irreversible. Despite the cautious and responsible conduct of the Company, the Trustee, under the constraint of a number of debenture holders, refuses to cooperate with the Company, refuses to negotiate with the Company and causes decisions to be made only to cause damages to the Company and to the debenture holders. The Company's shares are traded on the London Stock Exchange's High Growth Segment, and accordingly the Company was exempt from reporting obligations by virtue of its inability to comply with the reporting obligations that apply to the Company, as you know well (or at least expected to know this) The Securities Law and the regulations promulgated thereunder, therefore, are in force In the opinion of the Company, if you are aware of and aware of the reporting obligations imposed on it under Thai law, before you have accused it of this matter in a letter sent only a few hours after your appointment The exis