NewsI am confused. According to todays news release RRO and ADA have agreed to release their claim on the pledged assets in order to allow Scozinc more flexibility in reaching compromise with its creditors. My question-why should I give a rats behind if Scozinc reaches a compromise with its other creditors. Our company had its treasury drained an d to became a secured creditors-thats first in line in case of default. What did we receive in return for this major concession? Is there anyone minding the store at RRO who isn't a stakeholder in ADA? I mentioned in an earlier post that I had a bad debt become a very lucrative investment this year-but it wasn't accomplished by playing nice and co-operating. It was done by tearing the asset out of the debtors hands-over the objections of the debtors lawyers.
RRO has to play hardball here-is there anyone doing that?