Originally Posted by
763 jock
I saw that article yesterday.
It says broadly exactly what I have said, but in a shall we say, more succinct way. The outcome is the same, the CDDC will make a ruling which will have a profound effect on the company.
If the CDDC determine the company to be insolvent, then that's that. If the CDDC determines the company to be solvent and have liquidity, the hedge funds will kick up a stink at the creditor meetings at the end of the month.
Either way, and I'm in the camp that surely something can be done somewhere to rescue the company, it doesn't look great for Thomas Cook's future when it appears the bondholders and the hedge funds have seemingly made their minds up.