Courtney Pratt
Courtney Pratt
people supporting vote
The people who vote on this are the bondholders and they are not supporting this at this stage.
confidence plan sheets signed term
If we can get signed term sheets on these two outstanding issues, that should give everyone confidence that this plan can be implemented.
creditors deal focus retaining search support turns
Our focus now turns to working with creditors in search of a deal they can support while retaining the support of the other stakeholders who are onside.
intended people
If other people see it differently, they'll see it the way they want to see it, but that's not what it's intended to do.
board financial forecasts issue job oversight proper relates reviewing specific whether
it relates to the issue of board oversight of financial forecasts and whether the board did its proper job in reviewing the forecasts and making the decision. And that's as specific as I can get.
agreement attention believe best continue extension focus outcome reach trying
This extension will focus everyone's attention on trying to reach an agreement. We continue to believe that such an outcome is the best for everyone concerned.
amended modified ways
But it can only be modified or amended in ways that are satisfactory to the other parties.
agreement forward positive quest represents step together
This plan, together with the restructuring agreement with the province, represents a significant step forward in our quest for a consensual restructuring and a positive outcome.
common company deal good hope people realize starting
People are starting to realize that a consensual deal is good for the company. There is a deal to be done, we just have to hope that everyone can come to a common view.
became clear labour wage
It became pretty clear we weren't going to get any kind of wage concessions from our labour union,
news positive process
This is positive news for the company, for our stakeholders and for the process itself,
capital challenge continuing enable face forward importance move quarter results strategic third vital
The third quarter results demonstrate the continuing competitive challenge we face and the vital importance of securing a consensual restructuring which will enable us to move forward with our strategic capital program,
closer court emerging goal lake moves platform producer protection provides steel strong viable
It provides a strong platform for restructuring the company. And it moves us closer to the goal of emerging successfully from court protection as a viable steel producer at Lake Erie and in Hamilton.
anyone driven fact range
This restructuring has been nothing like what anyone would have anticipated for a whole range of reasons, driven by the fact that we started to make money.