the basic thesis here has always been a simple concept: .50 on the dollar (or more), achieved with a RM, would be much better than .00 per dollar, with a dead shell.
do it right, and maybe medina and other note holders would get $3 per dollar of debt. even more.
if SIRG management were being self-interested with the reorg plan, which obviously took effort to put together, etc., and if it had no bearing on this trading vehicle, what was that all about?
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