OK, they "may" have reduced monthly intrests which may have moderate impact on their liabilities, but they still have to pay the 26 mil,... albeit restructured over a longer period.
Lumea Staffing Inc. + the Cali branch will probably by sold to reduce debt but this won't cover the amount owed.
As these two entities are taken out of their hands GNPG will also have less revenue and lower margins because of that.
Then there's also the Island Fund who seeks means for paying the + 2 mil, so what will happen to the plant in Durant?
Can someone elaborate on that please?
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