RE: 27 Jan - court hearing22 Jan 2021 11:08
Interesting to look back at some of the announcements from seven at the time and news articles. Big problems with its customers, collapsing revenue, lenders banks foreclosing, debt crisis, collapse in sp, distress in seven debts( bonds trading at distress levels) not quite the story they are presenting. Also, the rescue achieved agreement with the majority of bond holders (statutory levels) and went successfully through all due legal hurdles Not sure a minor bondholder has any sway here. Could be a play to get a smaller payout out of court to avoid hassle. Certainly, parent company have a colourful past and fingers in many diverse pies!