You can thank JB for this debacle! Why would you include such general language around the option in a JV Agreement when you know you have a truck load of debt. Incompetence of the highest order.
... and these bond holders definitely have no sense of humour.
This genius is now down the road applying his skills to Making DYL Great Again!
Good luck to current management who are having to work with a very weak hand.
Ann: CNNC Purports to Exercise Langer Heinrich Call Option, page-29
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