Hello Chuck,
Having Read Document 524, what it appears (to me)to say is that the Equity Committee is asking the lenders (and debtors) to hold off on the proposed settlement (with Altus), while the Equity Committee continues developing its POR. I am sure that you must be in contact with both parties on this.
I am not trying to be a pessimist, but it does seem like an awful lot to be asking these long overdue unpaid creditors, to continue to be at bay, without supplying any details?
I understand the reason for requesting non disclosure on 2/10, for purposes of mainitaining CPKQ's competetive edge in it's funding negotiations and POR development.
You must be able to give the creditors something to hang their hats on, like a timeline as to when the Equity Committee's POR and funding proposals will be put on the table, as well as reasonable assurances that what the Equity Committee will bring to the table will be at least equal, and probably better for all, than the proposed settlement between debtors and lenders?
I would imagine that the creditors must be holding your "feet to the fire" for information sooner than later.
Again the above is just my own perceptions as to what I read in DOC 524. I again thank you Chuck, and the Committee for all your hard work on behalf of all stakeholders.
AI
