Did anyone else read between the lines and get the sense that this comes from senior management who suddenly realize that their jobs are on the line.

I suspect a Board meeting has been called next week to decide the fate of the Recap Plan and/or the conversion notice for the Prefs A & B.

If no Court decision by the Board meeting they have no choice but to scrap the plan, issue the notices and go cap in hand to the banks. Those on the Board who were the primary leaders of the Recap Plan will walk the plank and be replaced by Bank nominees.

I expect BoM will pay a serious price for their blunder.

Otherwise Derivative or Oppression actions are looming accompanied by cancellation notices for YLO's D & O policies.