Your eyes are wide open and I agree with a lot of what you have proposed above. I've been thinking along the same lines with a few other bits of info for consideration. After talking to a friend recently who works for a top 20 holder (they apparently do not like this deal at all) it seems the link is Atlas strategic adviser Houlihan Lokey. They facilitated the debt deal and are close to the debt holders headed up by Eugene Davis. I think Cliff is just Eugene's puppet however this type of thing seems to be his go.
So I think it is entirely possible that AGO went to MIN and could explain why it's such a crap deal for AGO shareholders.
AGO Price at posting:
3.0¢ Sentiment: Hold Disclosure: Held