I think it may be worth referring to my previous post in relation to debt raising and asset sales as one of the many possible permutations of outcomes:
http://www.hotcopper.com.au/post_single.asp?fid=1&tid=845487&msgid=4695074
As I mentioned convertible notes are an increasingly favoured instrument these days to gain better access to debt/equity. It provides the investor with the advantage of a debt ranking if the company gets into strife, while providing equity upside. For the company, it provides a source of funding and it is quite common in the current climate for new convertibles to be issued at a substantial premium to the undervalued ordinary shares.
Just my thoughts...
regards
DF
trading halt, page-21
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