3 Options :
1# Mostly recap is done and payment is made by yesterday/today. Getting recap and noteholders payment announcement together.
or
2#Trying to seek another extension from Noteholders which is yet to be approved.
Recap is still in progress or getting tough to negotiate. Most likely another extension...
3# As some expect going into VA, Which is highly unlikely as per the wish of shorters (controls 5-10% of registry). Big funds and sharks are in this one with Millions invested (not $1000-$10K like shorters) and they will ensure that QIN keep floating. However, they might take larger chunk out of QIN if participated in Recap.
Fingers crossed.....
cheers
J
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