Twin Butte Energy Ltd TBTEF

CALL TO ARMS FOR DEBS

[kasparovisme]

On April 27. Ad hoc is trying to share their costs across all debs. WTF  ... With out numbers associated with it seems benign. 
Facts; Adhoc group is currently approx 24% of Debs
legal fees approx $200 k to conclusion
financial advisory fees 3.5 million. That's right !!!!!  Again WTF....
 Adhoc wants to take upto 3.7 million off the top before any distribution to debs.  

I certainly did not need any advice from Adhoc to know that 140 per $1000 was a bad deal and I should vote NO 
 Macquarie cap got involved in hopes that they could take over for peters and sell assets and or company. 
Anaolgy: say  you and three other people own a house. Someone comes along and offers to buy your house, before the four of you can decide whether you'll except the offer one of the 25% holders hires a real estate agent to review the offer.  Without you knowing about it.  The offer was a shitty one, you Already knew you were going to vote no.  Fighting among the owners starts the bank steps in calls the loan house goes in foreclosure, court hires another realtor and receiver to sell the property.  Property is sold and funds are paid in the court.  Now the realtor comes and says hey it sold for more than the original shitty offer I want all owners to pay my commission (3.5 million) WTF

Macquarie did not bring a buyer to the party, nor did they list assets or do any work.I as a Deb holder not part of Adhoc group did not hire or engage them, this is not a case of tacit approval.
I say let maquarie get their money's for any from the Adhoc group. 

All remaining 76% Deb holders need to show up in court or start sending disapproval letters to receiver. Otherwise take 3.7 million less