Tuesday, March 12, 2019 11:29:16 AM
Instead of misguided “inference” or “reading between the lines” folks should look at and understand the very direct statement the Monitor is (and has been making):
And the reality is that if only the Secured Creditors are seeing any recovery, every subordinate claim below that is not and equity claims are at the bottom of that pile.
In addition, at the end of March the company will be delinquent in its financial reports to the SEC by one full year. Suspension and Revocation now become a real risk.
And the reality is that if only the Secured Creditors are seeing any recovery, every subordinate claim below that is not and equity claims are at the bottom of that pile.
In addition, at the end of March the company will be delinquent in its financial reports to the SEC by one full year. Suspension and Revocation now become a real risk.
"Harsh reality is always better than false hope"
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