Sorry for the repeat, I put it on incorrect thread.Notes are...

Sorry for the repeat, I put it on incorrect thread.

Notes are tied to the company through many means, if a company goes into default on any of their financial obligations IE (maybe Bradesco facility), the notes imo are simply triggered for repayment as you have defaulted on your financial obligations, that is my understanding of these notes.

Yes the company could pay the Bradesco debt back in full, and that would in essence stop any default, however would also leave the company extremely low on cash and nowhere to go other than try to raise capital or sell out to the highest bidder.

If the notes trigger, it wont be pretty.

Perhaps MBN could ask Bradesco to take security over the other buyers inventory past November 2013, that may solve the issue.

Another may be that MBN continues production as if (Votorium) (is that their name??) are still on board, and Bradesco can continue to take security over that inventory until it is sold ie: stockpile if need be.

It may be MBN need to dangle a carrot to get agreement on this point, but things can always be negotiated.

The $16m due I think in January 2014, for example, could be moved forward to now, as part of the agreement.

There you go management, some ideas for you to chew the fat over.