will it be worth partipating , page-11

In MDT case I believe the price you could sell out pre- recap versus post recap will be very similar. I wouldn't run for the doors personally. Long term it may no longer suit your style.

the repeated comparison between BBI/PIH & MDT is a furphy....the extreme dilution in the case of BBI 'shareholders came about due to the position of BEPPA in the pecking order.
Orbis with a holding of 16.2% is averaged at a price significantly higher than 6.7c.

Orbis have gone on record saying that they would expect the SP to increase substanitally should a recap/refinance be successful. BTW Orbis (as I am sure you are aware) is a LT value investor
Either they are totally deluded or your your analysis/opinion is questionable?