Post by
pennylane101 on Nov 08, 2024 8:49am
Thoughts...
"Significant" negotiations are currently underway. Negotiations with the secured creditors, I would imagine. Have debenture holders been approached? I certainly have not.
Comment by
rad10 on Nov 08, 2024 3:08pm
you can be sure there is an ad hoc committee of debenture holders. Debentures will be converted with a 66% vote (need to check this in the indenture). Why would the board waste time when they only have to deal with the handful of big holders to get the 66% threshold.