FCCs used by 12/31/21 what if no 2021 cruises

[NantahalaCruiser]

On 7/11/2020 at 5:30 PM, K32682 said:

If there are no cruises in 2021 those holding FCC will be better known as "unsecured creditors." 

 

  

Probably not even a creditor since FCC has no cash value.  And the "promise" to grant future conversion of FCC to a cash redemption may or may not be considered a binding creditor agreement.

[Wayfairers]

On 7/14/2020 at 4:00 PM, NantahalaCruiser said:

Probably not even a creditor since FCC has no cash value.  And the "promise" to grant future conversion of FCC to a cash redemption may or may not be considered a binding creditor agreement.

I‘m sure a promise to grant future conversion of FCC to cash would not be considered a binding creditor agreement.  However, right now it would make me feel better.