am i missing something, page-7

Part of article in Business Spectator..

"The complexity of the bidding process, and Centros own structure with its layers of cross-ownership, joint venture vehicles, property syndicates and $18 billion-plus of debt means that sorting through the offers and mixing and matching them to produce the optimum outcome for the lenders and security holders (and the lenders own most of the securities) wont be a straightforward or speedy process"


Note:just what i was saying earlier "lenders own most of the securities"