PDN's best option, is cut a deal and sell the 75% to CNNC for a good price. The positive thing here is that the other debt holders will pretty much require that as well and i suspect CNNC knows that. The last thing CNNC would want is a protracted legal case dragging on for years possibly several years and with the 70%+ debt holders laying claim to LH, which they will under an adminstration scenario. Under the later scenario, CNNC cannot touch the 75% of LH. There is always the possibility all these people are crazy and do the most stupid thing. But i suspect there are some cool heads here and they will see the reality of the choices available.
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2 | 11323 | 11.790 |
1 | 11323 | 11.760 |
2 | 1625 | 11.750 |
1 | 256 | 11.700 |
Price($) | Vol. | No. |
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11.850 | 15265 | 1 |
11.930 | 4201 | 1 |
11.990 | 1280 | 1 |
12.000 | 100 | 1 |
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