I think the voice of the equity holders can be heard somewhere between this paragraph. Would you agree? Can equity be considered general unsecured creditor if someone's arguing if trade creditors, vendors, suppliers can get something out of the POR, why not us? What is the difference between them and us? Argument like this- can equity holders bring this agenda? Thank you.
Throughout this case, the Committee has maintained that there is substantial value
for the unsecured creditors. The Debtors’ unsecured creditors are responsible for a material
portion of that value since it is the Debtors’ vendors and suppliers, with whom the Debtors seek
to continue to do business (the “Trade Creditors”), that provide the product and the trade credit
which the Debtors so desperately need. The Debtors and the Ad Hoc DIP Lenders have
acknowledged the essential nature of the Trade Creditors to the rehabilitation of their businesses,
however, the Blacklines of the Plan and Disclosure Statement do not reflect consideration for
that value, nor do the recoveries afforded to general unsecured creditors (both Trade Creditors
and other general unsecured creditors) reflect the intrinsic value of the Debtors. The Committee
will not consent to such unfair treatment.
Can equity be considered as other general unsecured creditors?
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