Originally Posted by
Purple Drank
Interesting. So a coordinated leak from management that included some Wall Street players.
My rep (whom I trust) said this is leak is straight from the company to put negotiators on the defensive and induce some pressure to finish the deal. He assured me no deal is imminent.
I know you trust your rep Purp, but your rep wouldn't know. This leak is coming from somebody with inside proximity to the negotiations and that person knows they're about to attempt another cram-down to the reps and dare them to vote a signed TA down. By leaking this info, the hope is that members will activate our reps as we did with CDO's. Hope it works.
Carl