rush to close out the recapitalisation

It appears the bankers are in a rush to close out the transaction. I'm geussing the faster they can make it happen the less chance shareholders will wise up to what they are giving away.

Lets see;

EBITDA is expected to be better than prior year of $319m and the interest expense should be lower than prior year based on the cash generation but lets use last years $215m (paid to external parties)

That leaves, let me see $319m - $215m = $104m

And what are they paying to the shareholders $0.10/share with 807.058m shares outstanding $80.7m

That would mean they get a 9 month payback on there investment.

Surely the board of directors can't be serious, and the independant experts advise cannot support this transaction.

I say vote a big fat NO!