this feels like the note holders showing some force to kiwa while they hold firm in their negotiating position.
with Q1 results due in a month, I would guess this uncertainty is unlikely to last beyond then.
Is there a hint in the message from the CEO yesterday?:
"Mr. Li continued, “The COVID-19 pandemic bought challenges and opportunities to us. We will continue to run the business in a disciplined way in 2020 and remain focused on generating long-term relative growth while driving long-term value for our shareholders and meeting our customers' full range of needs. Looking forward, we are confident in our ability to achieve strong results and continued growth.”"
Is the CEO suggesting cash is needed to run business now and they choose to keep firm ("disciplined") with note holders in favor of longer term growth?
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