Synlait, page-108

I agree @werdplaya58 and would only add that if A2M publicly announced that they didn't support the loan in the lead up to the Special Shareholders Meeting on the 11th July, then we may see some SM1 shareholders dump their remaining holdings in a panic and tank the share price further in fear that insolvency was the next step meaning they will likely lose everything


For a number of reasons yourself and others have eluded to, I believe A2M have a lot more power than some are giving them credit for given where the Synlait situation has landed ..... and of course the remaining piece of the puzzle is whether the banks will also approve the $130 million Bright loan - does it only take one of the banks in the consortium to say no to bring it all undone ? In reality if the company goes into receivership the banks will still get their money plus interest and fees through the fire sale of the assets so they won't lose either way ?