RE: RE: What I think we agree on What I think needs to happen is for Yellow to sweeten the deal for Preferreds by offering to pay out the accrued dividends on all series (is it like ~$40 million?), thereby providing them with some kind of an incentive to vote in favour of the new recap proposal (perhaps upping the exchange ratio plus throwing in a few more warrants).
YLO's only problem with the restructuring plan is that the banks object to it. Nobody else is protesting. Your solution to this problem is that YLO should give more money to ... someone other than the banks. Not likely.