RE:RE:Now that Armoyan has control I will evaluate his performance LOL, I couldn't disagree more! You're talking as if Armoyan can just wave a magic wand and do whatever he pleases. Why not go all the way, take a massive write-off, and boot out the secured holders too while he's at it? News flash: that's not how the real world works! Just take a look at his track record with Bonavista Energy— debt holders had the most by end of restructuring. I assume that 80% of the new company is going straight to the debtholders/debs. If he dares offer them anything less, they’ll reject the plan faster than you can say “liquidation,” and Armoyan will be left holding the bag.
Here’s the kicker: you can't just make up rules with lenders, especially not with debtholders. They're not optional—they have to sign off on any restructuring. Try to shortchange them, and they’ll call your bluff without breaking a sweat. Armoyan better tread carefully, or this whole thing’s going to blow up in his face