Ann: Update on Capital Structure, page-92

depend on how greedy these debt holders are?

judging from past experience with Alinta energy.

http://www.smh.com.au/business/crippled-alinta-back-from-the-brink-20100921-15lbk.html

Anchorage swapped all debt for 80% of company.

as for Centro, last traded price was 5 cents, NTA was -$3.. shareholders was offered 5 cents.

AG & the directors will try and get the best D4E deal possible, they've got plenty of skin in the game. also, remember. The new debt holders pay 1/4 of the price for the debt. They can afford to be generous..

too greedy, and everyone lost.