RE: LOL 7.5 This is where the short term flippers punch out of their arb opportunity not that it is finally clear that the no side is probably going to win.
Don't forget the notes extend to Oct 5th when the note holders vote for the deal and most have already pledged to do so.
Things are nowhere as dire to vote yes now as the circular claims. There is plenty of time after for Olma to get another offer or AGA and GDO to realize this isn't going to fly and make another offer.
Further, under the note and debenture modifications, we still have an interest holiday and until Oct 5th to pay them off without having to pay the interest.
So do not panic.
But be prepared for a wild ride, and do not buy if you're going to be needing the money anytime soon.