mfs...packer wants his 100million back, page-10

Dude, Packer wants the paddle. If it has breached conditions, the challenger will ask for its money. If it dont get its money it will petition for wind up. Everyone loses. However, challenger is using the breach, if at all, of conditions as a bargining tool to get money before the others. Dude, fortress did, got its $150m plus big fees for waiting and advancing $50m. Challenger will do the same. Very striaght forward tactic in business

So being unsecured isnt that bad as you can put the squeeze on.

Everyone is up the creek, only Challenger wants its paddle.