myronc,
Sadly any narrative will be not be perfect unless in retrospect but thanks for taking the time to digest the main theme. Being consise is not one of my virtues so I know it took a bit of time.
"Shooting the cow" may not be necessary in the short term if all they want is to possess it. Once they own it they can consume it at their leisure which is most desirable for many reasons as recognised by most.
In fact some time back I wrote some posts asking if people had considered saying "no" to the change in terms on the notes and demanding a fairer deal. I wrote this because I suspect ASOF and its mystery investor(s) want and need to avoid shooting the cow before they control it. Its more important to them to control the cow and premature death of the cow wouldn't suit them and in fact would likely cost them. This infers that holders do have some leverage to negotiate a better deal by saying no. I suspect that what holders don't have is an advocate to get them such a deal.
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