fitnfamI have to agree with what you say, although I would be...

fitnfam

I have to agree with what you say, although I would be geussing that Coastal is soaking up stock for a quick profit and to sure up the yes vote.

This to me would indicate that GPG are still key to the vote. The indicated their "in principal" support, thats not saying that they will vote in favour of the deleveraging proposal but a good approach to getting the debt holders to do all the sums.

I'm geussing that GPG would want to see what the numbers look like before they actually go to the vote. I cannot believe that if they believe there is further value than 10c that they wouldn't push the debt holders to up the offer.

Redbank is a loss, no value just a red hearing lets focus on the real game and try to extract as much value as possible out of the offer.

My vote is NO!