IKKS to enter Sauvegarde Financiere Acceleree

All, In short, we are glad we sold early 2018 and would suggest that few of the actors in the name today are involved voluntarily.
This was an expected event as the principal note holders have been the same since even before the note had been issued. Following the D/E swap agreed in principle with bondholders last October, the deal was agreed with shareholders LBO France and Roger Zanier in December. 
Following that, the principal creditors have been locked up since January and have now voted to enter Sauvegarde Financiere Acceleree to implement the restructuring formally, use lower voting thresholds and  and cram down any dissenters. 
The procedure should only take a few weeks. 
Wolfgang