GREY:LSTMF - Post by User
Post by
BobTheKnob2on Nov 19, 2016 7:52am
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Post# 25484342
New info uploaded to the Monitor's website
New info uploaded to the Monitor's websiteWithin the last few days there has been a number of Court Breifs uploaded to the Monitor's website relating to the Secured Creditors and the Unsecured Creditors, specifically two holders of a large number of the 8.625% unsecured notes maturing on February 1, 2020.
At issue is whether the unsecured notes the Plaintiffs (two US-based investment advisors - Mudrick Capital Management L.P. and FrontFour Capital Group) hold should be upgraded to Secured claims and/or what rememdy they should receive, if any (of course I am simplifying greatly).
Lots of info here if you feel so inclined to read the arguments that were heard by Justice A.D. Macleod earlier this past week.
https://cfcanada.fticonsulting.com/Lightstream/motions.htm