My thinking is the Solomon's and their allies/associates will be...

My thinking is the Solomon's and their allies/associates will be aiming for an unfettered takeover of the company. It's the best structure for the running of the business.And to have it go under, and then acquire the assets under a separate structure and continue to run the business, leaving everyone else out of pocket,would not be a good look for them. A much cleaner way,and just as beneficial,is to build up 90% ownership and then make any takeover offer for the balance, unconditional.Thus taking the company private. I reckon they're currently closing on 60% ownership.Maybe more if you convert Noble loans to shares.
My feeling is for retail shareholders to grit their teeth and retain at least 10%. In that scenario we'd get a better, but still el cheapo offer, for our holdings.

db