If only 200 mil are authorized, how can they issue more? That's a new one on me.

Look, we all know this is absurd... just absolutely untenable.

Somebody must have made a mistake in posting that on the company Web site.

Why would the note holders agree to let the number of authorized shares increase? Simply to take control of the company from Briscoe?

But is this plausible? I mean, why not just force LBSU to default and take the collateral (the claims) and be done with the whole group?