My guess is that investors are itching to fund if the hedgies are holding commons and notes and they can get everything converted to common then all they have to do is underwrite a raising at 10% under the last traded price in 5 days after details are announced.
This will put a skyrocket under SP, BBIs it will open at 20 cents and trade up to possibly 30 cents they do a 1 for 1 issue and raise a 1.5 billion . Everyone is happy except for shorters and Prime Infrastructure is reborn the share price rallys to 50 cents four weeks after.
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