RE:Question about bond settlement...My opinion: thats exactly how it is
here is one more hint:
the other investors (Orion and otehrs) are on NMX's side when it comes to bond settlement, why?
because if they settle for less then there is some left for them to share and no one gets all back anyways.
At the same time NMX sending the pumpers back out to promote everything is fine so no more lawsuits from retailers in this crutial times..once the cookies get devided you can sue all you want....
I Told them so....every step of the way...but they still prefer to call me Basher right Charleene? are you one of those send by NMX to calm the waters down on this end?
TFSAfunds wrote: So an agreement was reached to settle the bond dispute for US $30 million, about half of what Nemaska would have been on the hook for had it gone to court and they lost completely. My question is: Had Nemaska gone bankrupt, how much would the bond holders have received from the liquidation? Would they have the status of a preferred creditor?
So, in essence, were the bond holders simply cutting their losses by accepting this settlement amount rather than risk receiving less in the event of bankruptcy? And if that's the case, wouldn't that make bankruptcy even more likely, since that's how the bond holders see this playing out?