ELD 0.74% $9.44 elders limited

big trade, page-31

  1. 3,093 Posts.
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    I'm in the top 20 holders and I won't agree to any change in terms that transfers material value from hybrids to junior equity.. Eg. I wouldn't agree to any deal that sees ordinaries get $50mil(just below current share price) and hybrids get $50mil (equiv $33 per hybrid).. I might agree to a deal that sees hybrids $75mil( equiv $50 per hybrid) and ordinaries get a few cents a share.. Ie similar to the BBI / BEPPA workout..

 
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