Hi all, so the Senior Lenders are all in support of the SPA. The...

Hi all,
so the Senior Lenders are all in support of the SPA. The big question is why. With the SPA being executed
they will get their money back (190M) and probably the shares are worth another 15M (1/3 of the company sitting at 50M cash then but without assets).
If they would trust in the company succeeding through the financial crisis, they would earn about 20M per anno in interest , the shares should be worth at least 50M, but they would have to invest another 20M in a potential cap raise to restructure.
So either the SL are loosing patience and want their money back immediately as they not have confidence in companies future or there is a sideletter/ deal existing which is pure speculation.
But where else can you invest into a company and get a 10% interest and a potential to triple your invest in compare to the existing SPA?

Bubby, as my previous questions have not been answered in the forum, does every shareholder need a own proxy or proxy service due to our constitution?