king stepping up media spin campaign, page-7

Hello Duped and Bionic Boy,

I have been trying to follow the windup of OCV...
court cases, financial proceedures, news stories, regulators, government committees and spin.
I am trying not to jump to any conclusions...I am not qualified to judge anything but want to understand a bit more about "what happened"... to MFS.

The lending arrangements most probably differ from deal to deal but I found this Canadian situation and opinion interesting..

"the lenders could, after giving notice, sell the shares they hold as security. But that would do nothing for the debt, which would still exist."

Could such shares be married up to complete a short position?

Could that then require a letter to restate debt over all assets?

There maybe no similarities here, but I am starting to see how trading/lending etc proceedures? could be interpreted in either a good or bad light.. that could confuse those without all detail and without adequate knowledge of such matters.imlo
ie ..me...which is why I appreciate HC interaction and post the things that interest or would help me follow this if these points were to be clarified.

heres the link ...

http://www.kelowna.com/2010/01/22/auctioning-off-intrawest-assets-would-require-a-court-order/