there are only about a dozen different noteholders! So rounding them up for a new deal might not be that difficult or time consuming. Without a doubt the debt advisor has already had preliminary discussions. Getting a new deal in whatever form will not take that long. The need 75% approval
They do not need our approval to sell enough assets to clear the noteholders. Perhaps to sell the entire portfolio.
There are various outcomes from a new deal with noteholders
from simply relaxing the restrictions to allow further asset sales at the trustees discrection to a complete payout of the debt including a discount on the deferred margin.
Who knows . Regardless of the outcome and structure of any deal with the noteholders MXQ will probably be would up and capital be return within a year. Once they get past the noteholders the cost to maintain the fund will probably outweigh waiting for assets to mature
For anyone that been in MXQ for a while the finish line is almost in sight .
good to hear everybody's view. Between us all I think we agree its going in the right direction , weather its at our prefered speed is another question
Just my opinion DYOR
MXQ Price at posting:
25.0¢ Sentiment: Hold Disclosure: Held
