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Friday, 02/03/2017 9:24:31 AM

Friday, February 03, 2017 9:24:31 AM

Post# of 2606
What do you think about this, grasshopper? Bwahahah, he is a Billionaire and he is hanging out the common dogs to dry?

Discussing Seadrill's Outrageous Restructuring Proposal - Bankruptcy Straight Ahead

Summary

Insufficient measures taken to position the company for a protracted industry downturn.

Company's proposal uses overly optimistic assumptions for an industry recovery.

Instead of expected major debt reduction, the company's proposal calls for leverage to increase.

Discussing the suggestions laid out in both the company's and bondholders' proposals.

Strikingly low commitment of the company's major shareholder, John Fredriksen.
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