noteholders may have enjoyed a good return on their investment...

noteholders may have enjoyed a good return on their investment over time but they did so on agreed terms for an agreed period. the words "hope that the sale goes through" should not be applicable. the fact that Cruikshank was buying back shares, to his benefit (undiluting his shareholding) knowing full well he had the note redemption obligation looming is dumbfounding.
If this deal does not go through surely he must go to jail for misleading the market. How many times has he done this & got away with it.