The above head line comes from ttela.se and I have reproduced the article below.
This is not just about Saab and bankers and money. Victor Muller made the right decision last Wednesday by putting into action the largest, best, and most creative dealmakers on the globe on this case.
This is no ordinary business deal to any of us. These icons of business understand that this is a special situation. This is indeed a sacred mission to all that are working on this around the clock 7 days a week and until this comes to swift conclusion.
What we all carry in our hearts as we work together through these nights, is the worry of an unnecessary demise and failure of Saab.
We imagine the day when the 4000 dedicated hard working men and women drive home from Saab for the final time, the thoughts that fill their minds and broken hearts as they try to put together the words before they face their anxiously awaiting partners, their loved ones, “that it’s over, and Saab has failed, they have lost their jobs, it’s over” and at a time when there are no jobs in Sweden or Europe. And the worry and sleepless nights begin for these families.
Assuming there are 4 people in a family, this directly devastates 16,000 people of the 45,000 that live, work and play in this beautiful village Trollhattan built by 3 generations of proud Saab families and employees.
No promises here, but this effort is worthy of, and calls for, all players that make up the mandala around Saab for a short period of time and space and value preservation to allow us to optimize the opportunity for the seemingly unlikely success of saving Saab.
So I want to address the key entities that make up this mandala: the Swedish authority, creditors who are owed and deserve payment, the employees of Saab, suppliers, banks and regulators, to please allow for a period of days, not weeks, of calm. So that we can assess and work on scenarios and deal structures under the premise of a stabilized Saab.
This will work in the interest of everyone involved especially creditors, suppliers, employees, and banks, because if Saab fails or succeeds we all know that we collectively did the best we could with what we have.
I urge the Swedish authority and regulators and the very deserving supplies and creditors to ask themselves what they lose if they allow for a number of days of calm, and also consider the damage they will do prematurely and at the expense of the very worthy process we are deeply involved in now.
And let it be on their conscious if they don’t allow the time, space, energy and value preservation it will take for this to come to an intelligent conclusion and have even a chance of a fully funded, viable, productive Saab.
No promises here, no speculation. I represent with my own voice the request to allow us the days to get this done right.
Mark Resnick, Endeavor Advisory Group
Thank you to Audun in comments for spotting this.