Here is the author’s bio as seen with the article:
Richard Lawless is a former senior banker who has specialized in evaluating and granting debt for over 25 years. He has a Master’s Degree in Finance from the University of San Diego and Bachelor’s Degree from Pepperdine University. He sits on several Corporate Boards and actively writes for several finance publications.
He’s been pushing this story for more than a year in many venues.
Do you suppose Lawless was one of the bondholders?