This restructuring will give the full release of any claims and rights that creditors may have against the company’s management and auditors. Look at the payouts for the management when the crisis is over, it’s a reward for failure. Hyflux’s management knows that the ship hit an iceberg, but they just want to make sure that they will not spend the days ahead facing lawsuits. If the management lose control over Hyflux, outsiders will get access to the internal records. That’s their nightmare. They want to enjoy their retirement in peace, that’s why they want to make sure the restructuring goes through. It is about themselves, understand?.
DEAR MTN NOTESHOLDERS!!! That's why the management want. Exactly!!!
Our lawyers explained this situation to us a month ago. Notesholders are in the best-position, we are only about 10% of total claims and yet we determine the outcome because of our headcounts in Senior Class. Please stay united and Vote NO, everyone got to pacify us to move forward. Don't settle for 25%, GET 100%%% BACK.
ATTENTION NOTEHOLDERS!!! - PLEASE READ AND SHARE. WE HAVE HOPE.
As long as all Hyflux noteholders vote "No" , we can make bankers beg us to support because we have the numbers in Senior Class. We call the shots, according to our representative lawyer. He said we have a high chance to recover 100% if we stay united. If we say no, nothing can proceed.
As long as we stay as a team and reject, everyone will pacify us and give us back 100% + penalty interests. I am serious. Our Akin Gump lawyers had briefed those who involved. We dominate the votes in unsecured class. Bankers can continue to enjoy their banking relationship with Hyflux, but we just want our 100% back. It is really possible. Don't fall to SIAS's and Hyflux's lies and accept the haircuts.
We just need to say NO on April 5th. PLEASE PASS THE MESSAGE.
Yes! They presented the worst option to us first. Don't fall for it!
This restructuring is not the last opinion, it is just the worst, so it is presented to you first.