hitmanhearns
Active Member
If SISU chooses to put us in administration could they resort to theese tactics as quoted in this times article? Is this the plan of theirs after pocketing the supposed Dann money and Gunnarsson fee?
"But, according to rivals, appearances are deceptive. Seppala is a force to be reckoned with. “She has balls of steel,” said one.
"Seppala has a reputation for playing hardball in the distressed-debt market — demanding that companies and administrators “stand and deliver” what she believes her investors are due".
"Sisu is one of a number of hedge funds that, having taken over company debts, are refusing to play by the traditional rules. They are making waves — resorting to the courts and even threatening to bid for companies — to get what they believe is rightly theirs."
"Administrators to bankrupt companies accuse the hedge funds of blackmail — holding out and refusing to agree to a deal until they secure a larger payout for themselves — at the expense of other creditors. With the rows often ending in costly long-running legal battles, many administrators, they admit, quietly concede to the demands. “It is like dealing with sharks,” said one."
Maybe SISU are not as cornered as one might think..it seems to me they´re pretty used to this kinda situation, it could be a looong road to get rid of ém and I´m not sure Hoffmans investors are ready to step into this kind of legal quagmire that may lay ahead.
Any accountants or economists out there?
"But, according to rivals, appearances are deceptive. Seppala is a force to be reckoned with. “She has balls of steel,” said one.
"Seppala has a reputation for playing hardball in the distressed-debt market — demanding that companies and administrators “stand and deliver” what she believes her investors are due".
"Sisu is one of a number of hedge funds that, having taken over company debts, are refusing to play by the traditional rules. They are making waves — resorting to the courts and even threatening to bid for companies — to get what they believe is rightly theirs."
"Administrators to bankrupt companies accuse the hedge funds of blackmail — holding out and refusing to agree to a deal until they secure a larger payout for themselves — at the expense of other creditors. With the rows often ending in costly long-running legal battles, many administrators, they admit, quietly concede to the demands. “It is like dealing with sharks,” said one."
Maybe SISU are not as cornered as one might think..it seems to me they´re pretty used to this kinda situation, it could be a looong road to get rid of ém and I´m not sure Hoffmans investors are ready to step into this kind of legal quagmire that may lay ahead.
Any accountants or economists out there?
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