Ann: Extension of Voluntary Suspension, page-82

Agree

"Blackrock ..... far better as senior lender to let it go under and enforce security over the assets"

This course of action is likely to knock out Put holders (hold put from insolvent entity, become unsecured creditors), Growers (RE insolvent, unsecured creditors) and SH (last in line for a slice of the pie) in a fell swoop.

I'm surprised at the lack of comments and posts from Growers on the QIN boards, perhaps they don't realise the peril they are in.