Ann: Extension of Voluntary Suspension, page-525

Strong support from lenders would of been an immediate reduction of the interest rate to something a lot more sustainable like 5% or even a freeze on the accrual of interest for a period of 2 years to allow AJM to ride out low spod pricing. In this scenario note holders ensure AJM can operate in a cash flow neutral to positive manner ensuring AJM continues as a going concern and protecting noteholders investment. This sort of activity doesn't need a suspension for months and months, remember this was originally just a TH for finance.

Unfortunately business doesn't operate the way academic lecturers think it does but that stuff cannot be learned it has to be experienced. The only strong support AJM is getting from its lenders is a stay of execution.