ex beppa holders, page-25

Couldn't read article on line so got the AFR

Claiming good news for BEPPA holders who will take cream from any AETD sale? Cream???? Some still owed about 55c/$!

Asset value ~ $2bill
less 65% debt $1.3 bill (assumed by AFR)
leaves $700 mill

less $500 mill corp debt
Less selling costs

say ~ $150 mill or ~ 20c / BEPPA (my estimate based on above) for BEPPA holders.

Hope this comes to pass.

Timing

Article also mentionned Prime is in a rush to sell before Jan 2011 !!!!

Hey - wait on, isn't the sale meant to deliver max value to BEPPA holders???? - l.o.l

Indicative offers due 18 October

Due diligence follows with Binding bids on Nov 2.

Hope the 20c comes in to the coffers.

Any and all comments appreciated.