EdF would have known of this outcome if the leak is genuine and may have made their demand simply to obtain repayment as soon as possible with no other motive. With EdF out of the picture, the Michelin deposit becomes freed again for use as collateral for future security or loans. If the shares were to regain value sufficient to offer a premium on a capital raise offer, there will always be subscribers provided PDN looks secure for the near term.
Ann: Appointment of Administrators, page-88
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