RE: RE: RE: RE: RE: RE: Loved this video and the N "nobody can force yellow into ccaa other than yellow."
You are splitting hairs. They would be forced into it as a domino effect. If they tried to pay the Pref this would violate the bank covenants which entitles them to call the loans which YLO can not pay, which entitles the bank to force BIA which in turn puts YLO in a situation of conceeding CCAA or be forced into BIA. Which one do you think they will choose? It would make no difference to the bank but one heck of a difference to YLO.
"who believes you are entitled to 100% of face value on the debt"
We are entitled to it but as I have stated many times we do not believe for one second that we will get anywhere near 100%. Maybe you should spend just a little more time learning the meaning of basic English words like 'Entitlement' instead of poluting this board with your gutter trash verbage.