95% dilution - AFR Article, page-34

If the AFR article is correct and there will be a D4E swap what does this tell you about the long term value of the company? I'll repeat again IF the article is correct then why would debt holders give up their securityfor equity if the company is a basket case?

AFR has been far more accurate then management announcements have been. Debt holders will only trade D4E because they will own 95% or more of the company. Current shareholders will own 5% or less.

We have been lectured by all the downrampers that the company is a basket. Then why swap secured debt for risky equity?

Debt holders will only trade D4E because they will own 95% or more of the company. Current shareholders will own 5% or less.

Downrampers who have spent months writing long self serving essays have been wrong. I'll repeat it again why would debt holders give you their security if the company has no future?? The debt holders are going to become equity holders. Why??

Debt holders will only trade D4E because they will own 95% or more of the company. Current shareholders will own 5% or less.

Because they see value and a future in a restructured balance sheet and they must see a higher equity price in the future! All IMO!

Agree they see value and a future in a restructured balance sheet...doesn't change that they will own 95% or more of the company and current shareholders will own 5% or less.