Blues234From the proposed meeting documents regarding the...

Blues234

From the proposed meeting documents regarding the resolution to sell AET&D (including my voting slip) I received via mail today..

" As outlined in section 5, in view of the required repayment of the Westnet Facility, it is possible that even if Former EPS holders do not approve the AET&D sale, the AET&D Holdings 1 directors may consider that they are required to proceed with the sale if not proceeding would materially prejudice the interests of members and creditors .... etc."

So even if the sale resolution is voted down they may attempt to force the sale through anyway.

The Lenders have advised that an extension to the Westnet Facility debt will not be approved - current maturity date is 7th of August 2011