RE: valuation, votes, and supposed lawsuits Double,
To one of your point about banks versus MTN holders -- it doesn't seem like banks are part of the debt for equity swap unless I I'm missing something. I could well be missing something because I'm only just getting caught up on this (away camping with family) but it looked from a powerpoint that I saw somewhere in the mire of posts/news that banks are not part of the equity deal at all. i.e. they get paid back in full but presumably will need to agree to extend the line of credit. If that's the case, the banks are the true winners in the proposed transaction. Sorry in advance if I missed something -- I have just been skimming through the various posts and info on my phone (and frankly not worrying too much about it).
Mark