We are desperate that is why we have a gun to our head. The bondholders want us to get nothing but have upped their offer to 14%. The Tenor deal gives them 35% CVR plus repayments of the loan and interest as well as management getting 10% of the first $700 million in settlement and 2% afterwards with a cap of 25% of the award.

I believe all parts of the CVR are done after everything is paid for so at least it isn't off the top.

If a better deal comes along then great but right now I will take the 55% over the 14% from bond holders.

JJ