TCX's best hope is that the Chinese conglomerate Fosun agrees to stump up the additional £200m reserves requested by the Banks. Until they refuse, the Directors will be concentrating on that avenue, as it provides a long-term solution. Failing that, there may be other avenues under discussion, such as:
- fire sale of assets
- new lines of credit from banks (unlikely)
- another potential rescuer (unlikely)
It's inconceivable that Government will provide rescue funds.
I wish all those associated with TCX well. Rest assured that the Directors will be doing everything they can to save the company. That's what they are paid for, and their reputations will be damaged by failure.