RE:Bondholders Lawyered Up; Longs should form Equity CommitteeIt's actually pretty good... There are bunch of companies that continue to trade on exchange after restructuring...
Stock already got haircut, but bondholders didn't, so now it's their turn...
Again, if we didn't have 500MLN in bank account, situation would be dire, now it means that bondholders will take a haircut and will move to secured bondsholders; with relation to 1:4 or 1:5