Originally Posted by
FriendlyPilot
This filing doesn't mean that at all. They are unsecured creditors who are upset that the secured creditors have taken control of the company to preserve their asset value in the event of a liquidatyion and set it up so that Esopus Creek Advisors will get wiped out if that happens. They are just mad and using their equity stake to try and make waves so they can get some secured debt, which isn’t going to happen.
Yes, it does. Also, page 27 shows they made a profit of $20 million in October, and there is even a chance they never drew from the DIP. I am trying to confirm this, but their cash balance does not appear to reflect any DIP funds in October. You would have expected to see an increase in cash of $200 million plus interest expenses.
https://d18rn0p25nwr6d.cloudfront.ne...5a53c993d2.pdf