ocv....verdict time...lets discuss...., page-2

Hi BB, I cant see PIF holders being too happy about making a clean swap of $5o million in exchange for forgiving $231milliom of debt.Especially since they have been owed $50m since Feb,before any of the other debt was uncovered or any other creditors came out of the woodwork. So basically what OCV is saying is "Here is yor $50m Support Facillity that should have been paying your distributions from Feb on, but forget about the other $180m the former board stole from the PIF!!" Will be interesting to see what JH is prepared to accept on our behalf or whether she will make a counter offer and try and negotiate a better deal. Either way I guess we will all have to wait and see what the outcome of the meeting with PTQ is. All in all, still a very worrying time for all involved. Seamisty