seabassbanker

Haven't We Heard this Market Song Before?

Hardnosed

dont you think smart money(as matlin clearly shows he is) wouldn't enter into this deal unless they could guarantee a yes vote.

As of the 11th they will control a 40% voting block... If they haven't already secured a yes from a large couple of holders It would only cost the bondholders bet. 30-60 mil in open market purchases to gain that last block and ensure a yes vote

I believe this vote is a mere formality and it doesn't matter if you vote no. They already have the vote locked up.