Ann: Recapitalisation Agreement, page-17

My first thought was how this could be released without a TH...

As far as the buying, remaining shorts closing out to move onto the next victim? Or there's always those stragglers who don't understand what's just happened. "They agreed to a recapitalisation, we are working with lenders this is great! Look how much the debt has reduced!"

In fairness, it could have been worse. 5% (although 4% after warrants) is better than 2% or $0 in admin.