RE: RE: RE: RE: Wow!
The debt vote and the equity vote were completely separate votes.
Not completely separate. As I understand it, YLO opted to treat the debentures as equity unless holders specifically opted to the contrary. That was a sneaky way to NOT count the debentures when they were tabulating the results of the debt vote. I hope that the courts take the "Yes" votes from the debt vote plus any "yes" votes from the debentures and then divide by the total of senior debt and debs. If the result doesn't give 66.6% they should refuse the recap.
The convertible debenture holders could choose between the debt vote and the equity vote. If they chose to vote in the debt vote, they were counted along with every other debtholder. Likewise, if they chose to vote in the equity vote.
You are a convertible debenture holder. What options did you have when you cast your vote? Did you have any difficulty figuring out your options? I have great trouble imagining that any significant number of convertible debenture holders were unable to cast their votes as they wanted.