As I have posted earlier, I do not think banks will pull the...

As I have posted earlier, I do not think banks will pull the plug because doing so they do not get anything and 2500 jobs will be lost at least in the short run. Company has no hard assets to cover for $730 million debt. From what I have read, banks do not like to own left oriented law company so D4E will not happen. My feeling is they will extend the term of the loan by at least a couple of years. This company is generating enough revenue ( about $1 billion per year). All they need a good management to turn it profitable. 10% savings will be equal to $100 million profit. This year half yearly suggests that have learnt and loss has reduced considerably. Calling for VA, banks will lose their money forever, but extending the duration of the loan, they will get it in a few years even with a larger interests. This is the only sensible solution in my view.