RE:RE:RE:News ReleaseNot s surprise at all. I said from the start that it was a shitty deal for bondholders. While they may not have blocking vote per se, I suspect they have a strong case to argue that Ambatovy partners should be a different class AND we all know that voter turnout aint going to be 100%! The only way forward is: (a) shareholders are going to get majorly diluted with a revamped deal including equity/warrants; or (b) CCAA, in which case shareholders are wiped out.
What is frankly most surprising though is that the company was dumb enough to announce a restructurng without having a block of bondholders onside. I get it that this what Pathetic might do, because he is clueless, but I would have thought the Board and the company's advisors would have figured this out!!