The extension of interest bearing notes will probably be an easy deal IMO. The extension of the secured notes would surely not come free. Perhaps lots of free shares per note? It will be interesting to see what the offer may be, but after the massive dilution which continues unabated, I think it will have to be a very very good offer indeed!
That said, I hope it is a good offer and that it is taken up by the secure note holders in droves.
Any views, or.... :-) inside knowledge?
Cheers,
Gatesy
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