RE:RE:My interpretationStompin Tom, your post is beyond excellent. The poker risk analogy is spot on, meets my overall feeling exactly. Like a few others here who have shown very calm, level-headed thinking since the trading halt, your real life example from your experience with the airline industry shows the upside to the current approach by TID management and creditors. Seems like they are working together and their assets and ongoing business are worth more alive than dead.
Here in the US, we all remember several examples of the major airlines operating under conservatorship for years at a time while their assets continued to generate income. It makes a lot of sense that the current approach could be a precursor to a more-complicated CCAA and may help explain the day-long wait we saw, as the CCAA couldn't be pulled together and the forebearance was required to by time to get things done. If this company can complete their reorg , refocus on grass-roots business, and operate under less stringent debt payment requirements, I like their chances a lot more than I would otherwise. Thanks again, Popps