Ann: Chairman's Letter to Noteholders, page-121

Yes, and if JC was truly representing the best interests of shareholders he would made firm moves to both understand what principle offers needed to be presented to noteholders to get a resolution to pass before arranging a meeting. I wonder if he has learned from his recent mistake.
Not permitting PPB in to do a rudimentary investigation of the books just looks adds to the antagonism between JC and noteholders.