It was quite apparent from the first meeting he wasn't going to get more than 51% unless he offered concessions... therefore he did. I am unaware of him checking with anybody before he made the initial offer; if he had, then maybe he would have achieved the paltry 60% in favour.
He wouldn't have checked with me since I'm such a small holder, but as far as I'm aware (and this is from the vibe of some of the heaviest hitters I was amongst) that he didn't discuss any more concessions until the very day of the vote last week.
I didn't hear JC asking the question 'what would it take' or anything to that effect. Given that one of the noteholders even refused resignation or pay increase, or better payment conversion I don't see any potential for recovery.
Sure, the noteholders may be being stubborn, but as we've been over multiple times, all they want is their capital back before it is all spent.
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