"... the word I got today is that there is some shuffling of the Family Trustees and the class B shares that they hold to control the company.
It turns out that they are allowed to exchange these shares on a one for one basis at their discretion.
The latest attempt to coerce bondholders into folding for 20 cents on the dollar came with a catch that prevents the company from most other maneuvers to draw value from the company such as dividends going forward.
Since they can no longer draw value from Class B shares beyond what they need to control the company, they can now convert them to Class A shares, thus driving the price up."
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