Ann: Effectuation of Deed of Company Arrangement, page-329

Against whom Rupfel?

PLS?

The note holders were the ones who spat the dummy.
The note holders decided to quit the loans rather than drag things out for the nth time!
The note holders - them again - had extended the line in the sand multiple times, and despite all the extensions and repeated chances they gave Altura (@Sjlasx do you happen to know how many failed interest payments and extensions there were please?) the debt grave the ever more diluted AJM was digging itself just got deeper!

That torn throat ‘let’s sacrifice the future’ deal with Shanshan was probably the last straw?

They likely petitioned RCF to quietly set up the death knell after doing their maths on whether there was any real value in the deal AJM was proposing.
IF THE NOTE HOLDERS THOUGHT THERE WAS VALUE IN THE RECAP THEY WOULD NOT HAVE JUMPED SHIP!



It’s a romantic and tragic picture though?

I understand how hurt you feel but are you targeting the fight villain?
And what about the liberation of ‘forgive and forget?’

cheers