RE:RE:RE:People, understand one thing ...meetoo1600 wrote: Rad10, you wrote: Could unsecured be unwilling to go the CCAA route because Goldman hold the bulk of the secured notes and may decide to play winner takes all? Think about it - better to play nice and get a little of something than a little more than nothing in CCAA................
Yes, yes, yes! Finally you understand. This is why there will be a deal, because the unsecured are only marginally better off than the common equity. Both need a deal. The unsecured are in no position to play hardball.
LOL - I have always understood - hence my positioning in this debacle.
"Unwilling to take the CCAA route" is a long stretch from "already a done deal.."..........
Compound interest was once described by someone a lot smarter than me as the 8th wonder of the world - tick tock.......................
The beauty of the secured notes is summed up by John Goodman in the movie the gambler.................. this is the response the executives at Concordia can expect............
https://www.youtube.com/watch?v=xdfeXqHFmPI