The deal may be more or less credit neutral for most of the players and a slight credit positive for the industry.

There are some increased risks for independent institutional brokers [that] are, in a sense, left behind and not picked up by a larger organization with larger capital.

It's a very technical and legal situation.

It's a pretty binary outcome that traders are facing on this one and there will be a lot of legal ink spilled over it.

The company disclosed one technical covenant breach that appears so small that it raised myriad questions among investors as to why the special dividend was canceled rather than just postponed.

I think if you just look at life in a positive way, positive things will happen.