They thought market was going to get worst and worst.. and that...

They thought market was going to get worst and worst.. and that they were going to get away with it.

Turn out, market improve. And now they are stuck.. The banks has better cough up some money for noteholders, else the noteholders are going to commit suicide and take them down with us.. Market will improve, 20% is a rotten deal and now it has been proven. Good thing noteholders did not take up the offer.