250000 votes says no way toll, page-26

Geez you all get going when I go off for an overtime shift by the look of it lol Just going thru posts and answering as I go

Nameuser - a few points as I see it (but all open for discussion)

You say..."I believe it to be too late for any offer forthcoming to shareholders should a no vote prevail....."

You lost me there - I sort of look at it like buying aused car - you go in low with first offer but I may be wrong)

"........A no vote would see control handed to the creditors ........"

Hang on - who are the creditors they are really just Toll and YAG when it comes to dollar valued votes

".........and at that point I'm assuming they would request the company be liquidated......... "

If it is liquidated for less than owed they will surely loose money wont they - dont they have around US$25 MIL EACH EXTENDED IN LOANS - ALL UNSECURED

"........I'd also guess the majors would put an offer forward for the assets and then go through the process of reforming a company to administer the business...."

Pretty sure HNC have first dibs at Joint Venture Assets so any liquidation should see first right of refusal going to HNC - if I recall correctly HNC have more than first refusal I think they can match any other offer under some sort of formula.

HNC have for mine also declared their hand towards Toll and YAG - if I recall correctly they are refusing to agree to readmitting CMR as non defaulting JV partners after this murky deal/DOCA is sealed

"......A NO vote will relinquish any say shareholders have albeit virtually none with a yes vote...."

As I see it a no vote is our ONLY voice

".....Whatever the outcome, thanks heaps for your efforts..."
Your welcome lol