Maybe we are looking at this all wrong potential debt AND equity transactions from more than ONE interested party.
Maybe the different parties are coming from the opposite ends maybe Blackrock is searching for the debt for equity transactions and the other party FW is gunning for a equity/TO transaction.
They have never actually said it's a debt for equity transaction they have only ever stated debt and equity transactions.
That could be why it's taken so long weighing up the best option and then add in the put holder and it's not unreasonable for the long suspension.
1+1=fish
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