I think the company are just going about their business as usual. I really don't think they care about dilution. They tried to avoid it in April but if the vote goes against the proposal, there is not much more they can do. I think they are just focussing on reducing debt and there is nothing to be said about DBCT. The process continues. However, I do not think they have a Plan B. That's the worry.
I would have been putting the 26% stake in NGPL up for sale as well. Doesn't mean you have to sell both NGPL and DBCT, but at least give yourself another option. FEB 2010 is D Day. Take away Christmas/January when people are on holidays...it doesn't leave much time, does it?
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