RE: New document on ksv24 May 2024 12:31
Thanks for that RYAN... the court say'' this is a substantive objection by BP ? and also say the lenders have got to stop calling this CCAA DIP financing as it is not a C11 ? it should be known as interim financing ?
- I’ll text him if he uses the word “DIP” financing.
20 We completely understand and we -- you know, we understand exactly what you’re saying
21 about the adequate protection and the provisions and the US Bankruptcy Code, that in the
22 context of this case, because it is a chapter 15, are not invoked in the same way they would
23 be in a chapter 11. So I think that’s a very important point and a good one, so we’ll continue
24 to ensure we use appropriate terminology going forward. Thank you..
BP was frozen out of the sale process IMO, in favour of the lenders BID and would have put in a higher bid by the looks of it''
I'm still hopeful that if BP continue along this path they will stop this steal and save us all'' so the next big date to look out for is June 7th
ATB