I commend you on what you are doing (however, ECs are based on EQUITY if there is any), but keep in mind, Patriot will enact the modification of the wages/benefits, etc on the Union on July 1st, and the Hedge Funds are going to provide exit financing to Patriot to finish the POR/DS.
Patriot and the Union are only in disagreement in the amount of $35 to $40 million. Once that is settled, and I do believe they can get this settled soon, I expect the Hedge Funds exit financing details to finalize.
June 30 is the Union vote as whether to strike or accept the wage/benefits modification that will be implemented on July 1.
That said, your time line is very short.
Either the Union strikes and Patriot goes into liquidation with the Hedge funds picking up everything on the cheap ...
OR...
Everything is settled between the Union and Patriot and a POR/DS comes within the first 2 weeks of July.
NOTE: a substantial amount of the Union employee/retirees, etc did mass mailings as you are suggesting. The result was no effect on the LAW. The Judge acknowledged she read some 900 letters, however, stated something to the effect: the law is the law, although sympathetic the retirees, the LAW cannot be changed.
IMO of course
