They are currently involved in legal red tape which has put any sign of a deal on hold.
All negotiations are being handicapped, given the number of creditors involved and the fact a time difference also plays a part, as two of the bondholders - MetLife and Teachers - are American.
Given the number of lawyers also embroiled in discussions, it is no wonder progress is very slow.
Consortium representative Gerald Krasner said: "There are still a number of legal matters to resolve.
"It means nothing will happen for the next couple of days, but whether there is anything this week or next week we will have to wait and see."