RE: Bond Holders2 Sep 2021 18:04
Well technically that is correct. Audley is a creditor of NQ Minerals, as they have raised proceeds from the issuance and then lent the money to NQ Minerals. I still think however that, as the issuer of the notes, they have an obligation to communicate and agree changes in the security package with investors. The one thing that appears to be unequivocal however, is that the management team of NQ have acted without integrity (putting it mildly) and have ultimately prejudiced noteholders, by subordinating the Audley debt.