RE: Back over 1.1012 Apr 2023 12:07
The Plan, which remains subject to approval from the Bankruptcy Court, contemplates, among other things, a proposed restructuring of the Group Chapter 11 Companies, as further detailed in the RSA and the announcement made by the Company on 3 April 2023 (the "Proposed Restructuring").
The Group remains committed to emerging from the Chapter 11 cases as expeditiously as possible although, among other things, any sale transaction resulting from the Marketing Process may delay emergence beyond the first half of 2023.
Sale*** is still real in the background.
many things could change not least the short squeeze which needs to happen in any case