Do you think? I've seen lenders put up with some shit -...

Do you think?

I've seen lenders put up with some shit - continuing breach of covenants and owners that just cant get along.

The entire process of calling in the debts and putting the company into liquidation would be an absolute nightmare. With a MC such as this, with such a confusing asset arrangement the liquidation would likely leave very little in the kitty for anyone. Even the bank would be worried.

I think the bank will ignore the board disputes and keep an eye on the financials. If no signs of improvement then i think they might consider liquidation.