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Originally Posted by You Need a Thneed
So, they won't proceed because they know that the deal will certainly fall through if they don't proceed? That doesn't seem to make a lot of sense.
The only way this deal could possibly work for them is if they do proceed, and win a threatened lawsuit. If they knew that what they are doing is legal, they woulld have proceeded as soon as it became apparent that GWI wasn't going to back down.
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I don't think you are understanding how a bond issuance works.