The problem with the noteholders is they have taken a position they wanted it all. Now that it doesn't appear they will get their way they have made some minor compromises to shareholders.
As bad as the current Tenor offer is because we give management 10% it at least leaves us with 55%. If what was posted as true that any management salaries or bonuses would be subtracted from the 10% then I don't have a big problem with the deal.
Management has put themselves in a position right now to make a lot of money. I'm ok with it assuming we shareholders also make some decent money. To me a $1.00 a share would be the minimum we should be getting.
JJ