For the 1 billion in cash.
I think 25% loss of equity by current shareholders is not out of the question.
current shares on issue about 900 000 000.
Issue a note which converts to equity on say the 15 of December 2011 (3 years)
Share price on 15 of December 2011 is $3-$4. Therefore about 250 000 000 new shares issued.
This is just a quick estimate off the top of my head I am sure somebody can do a better job then me.
Buffets scenario is a possibility but so is mine.
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