I'm a bondholder and am upset that the Trustee has seemingly done nothing for us. I've been bounced around trying to contact this mysterious figure. Lawyers are quoting insane fees to file. It's actually not that difficult to file. I know an excellent attorney who might be willing to represent us for a much more reasonable rate. If we get a group willing, I will start the process. I am not soliciting fees and will not be taking anything compensation whatsoever. I just want to see justice done without paying more than what's left on my bonds.
I have read the indenture. There is no 30 day grace period. What concerns me is that I - and the other 40% - have not been contacted whatsoever by Suntech. If they want to make a good faith attempt to resolve the issue, fine, I'm all for it. There is even some doubt as to whether that forebearance actually occurred. How could this 60% just assume that nobody amongst the 40% would take issue? This entire matter seems fishy, so I just cannot take it on faith that Suntech will do the right thing. That said, if I could get some explanation, I'd feel much better. I know I speak for other bondholders as well.
As a CV bondholder, I am not planning to sell. I'm expecting what the bond price is reflecting: .25. I'd rather hold that long term on the chance it rises. I think many of feel the same.