how to restructure aej?, page-5

Now here's a thought.
Remember the chunnel.
Now what if the buyer of the discounted debt was GPT.
who have said they are cashed up awaiting an option for their funds and being tightlipped about it,
if ultimately lenders take an equity conversion of say 10% then that would guarantee the viabilty of alinta and its profitability going forward and meet their own (bankers)demands.Especially when onerous gas contracts roll off.
Now what if you got this debt at 75c in the $ ,did the swap,gained a controlling interest by conversion in a now totally balanced and profitable company with a guaranteed upside.With a guarantee the debt will be payed down or easily passed on at a profit before too long.
to boot you've now upped your return on that debt
8.3% plus 1/3rd =12% minus 10%for the conversion =10.5% interest on whats owed.
plus you now control more of the company for nicks.
So to keep us poor shareholders happy,set the conversion at say 20 cents as they did with BBI.we'll still be diluted to hell then consolidate with a 1 for 10.
Either way its control for nicks.
THE PROBLEM IS us shareholders WOULD HAVE TO AGREE.
Now you see a reason for keeping the shareprice low to condition us and encourage us to say ok.
I suspect no capital raising from shareholders as they know too many people with unmarketable parcels who would say not again and too many bigger holders waiting for a shakeout like myself,rather than a pay in.

Naturally i'm dreaming here,but who knows,if not GPT then someone else,maybe