RE: Cheap13 Sep 2025 11:37
Anton posted:
And as to the bond holders taking over….. people seem to forget that the equity is only worth £150 million, so no chance of swapping debt for equity. They would do better just to extend the loan and keep getting a juicy interest rate until it is eventually paid off.
This has been going on for years but the 'experts' couldn't see it. The only difference now is that it will never be paid off and TLW have nothing left to sell. You were led into this situation.