its all ok...., page-47

The standstill agreement means the lenders are giving the company time to come up with other plans, it doesn’t waive their rights which they have said they will enforce at5 pm tomorrow depending on what the company negotiated with other parties or proposed to the lender

If they can find a buyer or someone willing to recapitalize to the satisfaction of the lenders or even pay the lenders they won’t enforce the rights they had signed over to them by the ceo

They aren’t tying to block a takeover - they are being reasonable, they want action to protect their position - by tomorrow they want to know what’s on the table - if it’s crap they will act- if it’s something real they may even give and extension to see if the company can find an exit

They are simply putting pressure on the company to actually do something to fix itself

Maybe a consolidation , Some More fresh equity and agreement to liquidate the stockpile and reduce the loan balance- and resignation of the ceo would be a start

Lender wants concrete plans and they will bring them and perhaps a solution to the current mess for all shareholders

Good luck