Interested in anyone's opinion as my takeaway was that no decision has been finalized on capital financing largely due to lender(s) making it difficult (my opinion) & challenging or negotiating reasons for Out of Court vs In Court term sheets. Sounds like they know an In Court or Ch 11 filing will be prompted quickly by a rash of legal troubles & the Lenders threat legal action in an Out of Court decision, but I don't see how that would be in their best interest. And Alan knows Ch 11 will decimate his transition efforts & plans.
Any thoughts?