I would have thought if the no vote got up, it could only be done with support of the institutions. If the institutions supported it they would do so knowing that the debt needs to be paid down (to as suitable level agreed to by the banks) and perhaps the only way that could be achieved would be with a capital raising, which they in turn would support as they voted against the takeover. Surely it would be insane for the institutions to vote against the proposal knowing the debt situation could possibly put OZL into administration unless they were prepared to support raising capital if the need arised. If the takeover gets rejected, more capital is raised and the refinance gets done, surely we can move forward but with the situation of having our shares diluted and the current management team in place for the time being
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