Hycroft Mining Holding Corp (HYMC)

[LouisDesyjr]

Cramdown and equity

The problem with stopping a cramdown or proposing another plan, is how do you make all of the other classes that are higher in priority, whole?

The problem is there is no way to do it unless you just exchange all of the secured and unsecured liabilities for new debt, but then the company would be in the same position as it is now, in addition to having incurred all kinds of bankruptcy expenses.

I also see the possibility that the company may run out of cash and be unable to complete any reorganizaton since it looks like the company operations are 'burning cash' at the rate of $1 million per month.

Louis J. Desy Jr.