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Yellow Media Inc T.YLO



TSX:YLO - Post by User

Bullboard Posts
Comment by monzieon Nov 08, 2012 11:51pm
191 Views
Post# 20579957

RE: Judicial Leeway on Approving Plan

RE: Judicial Leeway on Approving Plan

"We appear to have two clear objections to the proposed reorg plan for Yellow"

 

Actually we're just down to one objection, the banks.  The convertible debenture holders settled before the trial.  From what I understand he doesn't have the authority to change anything, just to assess the arguments from the banks and YLO and to make a yes or no decision.  Unless the banks (and subsequently the MTN's) along YLO reach an agreement on their own, hopefully only involving some of the 150 million they will have left after paying the 250 million offered in the recap - instead of taking away from the rest of the stakeholders.  

Bullboard Posts