Restructuring Plans · glossary
A public announcement that ends a secret by publishing what insiders were told. Valkenrade made one on the day the lock-up was signed, publishing what the committee had seen. From then, members may trade the Notes again, if nothing that could move the price is still secret. Explanatory Statement, paragraph 1.4 · Chapter 3 · see Committee, Inside information
Explained in Chapter 3, Bondholder Committees and Cleansing Inside Information, of Restructuring Plans.
That makes each of them an insider. An insider may not buy or sell the Notes until the secret is out. The secret ends with a cleansing announcement, which makes public what the committee saw. You check that nothing that matters is left out of it.Read Chapter 3, Bondholder Committees and Cleansing Inside Information →
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