Not sure if I'll get attacked for saying this, but anyway here...

Not sure if I'll get attacked for saying this, but anyway here goes! Nothing new here that hasn't been said for others, but reading this document, it's what comes to me again.

Trying to sell something when the buyers know you're under pressure means they will negotiate hard, assuming you'll fold. I wonder whether there really is genuine interest in the assets and JC is trying not to give them away for a song.

If the note-holders vote to extend, he may be able to sell them at a decent price (not sure what that is), as the negotiating strength chances. JC is calling their bluff by standing firm.

Trouble is the lack of a deal to date makes note-holders worry that he can't sell the assets and may cause them to pull the plug.

So why doesn't he communicate that he has a good chance of getting a deal up IF the noteholders extend? Because he can't promise a deal - that would be legally off-limits.

Just a thought.