Why, IMO, a settlement is the best option, for both parties...
1. TCA blew the court deadline to respond by 5+ months.
2. TCA's primary strategy is short-term lending, not asset ownership.
3. TCA also operates a hedge fund designed to benefit investors. Owning assets long-term IS NOT their forte, but spinning off assets and collecting on loans (for fees and interest) is. A settlement would put cash in their coffers, benefiting their investors, and negate the responsibility of owning an operating asset.
4. The Calendar Year (CY) is almost over. Time to close out the books of that hedge fund.
Long, and strong IHSI!