Hedge funds interested in providing equity

Guessing this is about 25% of the equity they are looking for, add another 25% from IAG and they have the controlling interest of the company locked up on exit.
 
Why the investors in order to exit, I thought that was what the Billions were for?
 
The billions they entered with were to cover cash flow during bankruptcy without finding a DIP source.

The more cash they find now, the more cash they have to go buy a reluctant merger partner later, reduct the value of unsecured claims, etc....
 
spectator.png


why would he?
 

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