Ann: Noteholder Notice of Meeting, page-47

No one has mentioned that if the noteholders wait twelve months, that they will be better off.
Simple really, a positive vote gives them a conversion of four shares per note ,rather than three.
I see that as a 33.3% gain on what they have now.
Plus a deferred 10% interest payment.
That is 43.3% better off than loosing everything.
Remembering conversion can take place at any time.
Cool heads are required.
I have been the prey of Voluntary Administration before and it is not nice.(AND you loose the lot)
The choice is, loose your investment now or give the Directors control and have the company viable with the increasing oil price.
This may not happen and you still loose yours and our investments.
Simple really.
All the posts in the world boil down to that simple choice by the note holders.
So the knockers will keep knocking, but life goes on.
Cheers IFINO