RE:Pathe Stealing hundreds of millions from bondholders is not exactly an accomplishment is it. First the shareholders saw their investment shrink from $1.40 to 20 cents. And then bondholders had no choice but to go along with the cut because the alternative was liquidation where no one gets anything. This is not an accomplishment....desperate attempts to save a failing company that wouldnt have failed had management made more prudent decisions. There is all kinds of creative financing that goes on to save a dying company. But why did it end up there in the first place......incompetence