I understand why you wish it to be that way, but it makes no logical sense. Neither the company nor the creditors are harmed by you being kicked to the curb. Unless you can tell me how we are , then....
That's where you and I disagree. And that is the reason why some creditors will take their chances by not compromising, and that's the reason why YLO will go from ccaa and then into bankruptcy imo.
If shareholders were not essential to the success of companies, there would be no stock market.
Your thought process is: "Well... we will kick the shareholders to the curb, take the equity, and eventually if more capital needs to be raised there will always be new shareholders out there to buy back in."
One of my points is that won't be as easy as you might think. Investors have long memories and many other investment choices.
Mind you, time heals many things, so it's possible that in many years from now people would forget about everything and would consider YLO again despite any past ccaa or bankruptcy. But considering YLO is going through a time sensitive transformation to digital, and considering the new intense competitive environment, YLO being shut out of the capital markets for even a short few years would most likely push it passed ccaa into bankruptcy. That's where you lose everything onereality.
So go right ahead and take your chances.