Bondies were stopped when wanting it all, and made an offer. Why is 14% secured confusing?
Every court order has protected commons? Really? Whatever. Twist facts and shout all you want, it will not change the past. Why do you think the Moving Parties came on the scene recently? When the portion for commons went below 14%, they acted. It was not coincidence.
A secured 14% was offered. Do the math. And, redefine all you want, but Tenor was not the White Knight, only a stacked deck. Management (the Company in CCAA) took the deal to take care of themselves and Tenor through the bleeding of commons. Pretty simple to follow.
Thanks for the insight on those redirecting anger issues.