Quoting David Hale Williams: “One is left to speculate why Stark & Harmony would lodge Notices seeking repayment of their funds knowing CMQ could not repay in the time frame required and then oppose a process that potentially could have delivered them a 100 cents in a dollar repayment”. End of Quote.
DW's announcement must have set Optimix below 60 IQ pulsating. Speculate no more for the answer was given by the judge: “The bondholders have a legitimate right to assess any expenditure that may lead to a DIMUNITION of Chemeq's assets. IFCA HAS DECLINED TO PROVIDE MUCH FINANCIAL INFORMATION".
If there is any party frustrating the deal, we know who it was, dont we?
Questions:
1) Why did David Williams ask shareholders to speculate why the bondholders opposed the application.
2) David Williams should ask shareholders why did (Quote) “IFCA declined to provide much financial information to reasonable requests for financial information by the bondholders” if it had wanted the deal to proceed?
DW's announcement is in stark contrast to the facts contained in the judgment. Why?
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