RE: RE: this is the guy who you need to come throu Colt, Proud is correct, there is no requirement for a shareholder vote.
How many times do I have to explain to you that you will need shareholder approval, and no one will vote for a asset sale that results in shareholders getting screwed for the benefit of note holders. You just don't get it do you, if the shareholders don't benefit from the deal it wont go through, the only people who 100% will get their money back are the ones who bought equal amounts of shares and debentures, I doubt that anyone did that because the large noteholders are in PR's. You better hope that FIU comes up with a plan that makes everyone happy because all of the shareholders you keep putting down will be all to happy to vote down an asset sale just to pull the debenture holders down to the level we are at.