Originally Posted by
davidjohnson6
. The fact that the survival of a company of 20,000 employees is beholden to what constitutes a default deservedly gives banks and hedge funds a bad name
IMO too many listed company's are playing fast and loose with stake and share holders, not just TCG - some of the market reports from the CEO were thoroughly misleading prior to the announcing of the D4E swap, and the D4E/Fosun plan was again rather presumptive that the bond holders would agree, It's unreasonable to chastise debt holders for requiring repayment on loan commitments - they're not a charity.