Ann: Half Year Accounts, page-96

I don’t think the debt holders will sell sub 2.2 so that gives me some comfort that the floor is there (for now). In the same sense they provide a ceiling as I think they’ll dump into 2,6/2.7 when given the chance. I don’t mind buying at 2.2 and selling at 2.5 though - so that’s the major option I’m considering.

Long term, current mgmt will continue to waste away value. 2 months till next quarterly is about all there is to look forward to.