Nutall's tweet...First of all, I am surprised that he has a copy of the orginal 5th Amended and Restated Credit Agreement. That will be a discussion at a later date.
Now that we all know that Surge has launched a formal process for a Corporate Transaction, as requested by it's lenders, we will see most likely before December 15 what that outcome will be as that is when the revolving Credit Facility has been extended to.
I find it hard to believe that the lenders will or even can, force Surge to do an actual Transaction if they are paying down debt in a meaningful way. The key here is the NAV!
Now we know for sure that the share price has indeed been manipulated downwards!
Kherson