RE: RE: RE: RE: RE: Yet Another Comment on the Dis OneReality,
Likewise, I'm not questioning your intelligence or in any way getting into the name calling nonsense. (I reserve the name-calling for *special* individuals like the leonine king of fish wannabe).
I do, however, understand the difference between CCAA and bankruptcy. I'm going to have to write a full reply later this evening. However, as I see it and will explain more fully later, I don't see the rosey scenario where bond-holders and the banks emerge from CCAA in a happy little love-in. I see some very significant challenges during the CCAA process even among the different senior debt holder groups, quite aside from other stakeholders. However, it's the post-CCAA landscape that I think might be of even more concern for the current bond-holders as they find themselves owners instead of debt holders. I also think there are pre-CCAA deal scenarios that work out better for bondholders, create much less animosity and legal wrangling and allow the company to get on with the very important business of continuing their transformation and stemming their revenue decline as soon as possible.
Anyway, I'm going to get back to you later today. I have to get some real work done :-). I do appreciate your opinions even if I don't necessarily agree with them.
Mark