RE: It's going to be a big win for shareholders.11 Mar 2024 19:47
The bond holders may have to now join the SAG, STEVE'' LOL!! and pool resources at any GM that may be convene? to try and get something back, after restructuring, if they are still to keep pumping out oil at the rate of 1k barrel a day 364,000 barrel a year @ $82 a barrel ? there voting rights with the 8% we already have would surly force there hands IMO, as between us we would be holding at least 35% of the equity ?
unless this DIP'' means they can now start a new CO and close down the old one, and keep trading like Cineworld and don't have to give an account to anyone? then we will be FCUKD as they would then cancel the equity and the new CO would be owned by the lenders as a D4E, i really hope not for all concern, but it's a possibility'' if they chose to use past players play book to get away with the lot..