Who the hell is buying ??, page-169

Denbo,

There can still B many twists to this drama.

IMagine.

If banks say OK we take hair cut but we dont want D 4 E as we dont want stock,

and we stay on the board.

so loan gets chopped to half.

Banks keep getting the interest and the remaining loan gets extended out by 4-5 years.

So no selling of debt to outside party involved.

No D 4 E involved.

If they R taking the hair cut, what the F***

why they need to muck around as hair cut they will have to take any way or SGH goes to wall and they get zero.

QED.

PS.
Solutions can B v v simple too if both the parties want.
with this scenario bank dont lose more than what they R loosing anyway in the form of hair cut which will happen no matter which way they plan and work it out.

If banks can B made to understand this by the consultants i think that will B gr8.
Bnaks dont have to take D 4 E.