back to business - the refi, page-26

1. The key to unlocking value for shareholders is the Refi. IMF would rather not see the refi.

2. The only people who should get equity are the banks in a debt to equity swap....that would also give them the "authority" to proceed to remove Michelmore.

They do have political influence now, shareholders are too fragmented to get an EGM.

Banks have to lean on the AM chairman...refi gets done if AM goes....thats pressure.

3. I would think with the TH & Suspension and 55c SP, 85% wealth destruction and class Action, AM is a dead duck walking. Its over for him is what Im hearing through my networks.

Have to sit tight and wait...like with a Chinese buyout offer.

peace