Or perhaps there are some pleasant negotiations going on between significant stakeholders as to who is going to benefit from a recap and who will be the bunnies.
At this point in time, Ramas has the most to gain, but also the most to lose (shareholders' funds having already been wiped out), so they might be the ones to blink. But if there isn't an agreement (a compromise), then your analysis will likely prove correct.
FDM Price at posting:
1.1¢ Sentiment: None Disclosure: Held
