So out of the kindness of their heart Mercuria is going to...

So out of the kindness of their heart Mercuria is going to "potentially" turn the debt into equity in a desperate attempt to slow the bleeding?

Does anyone have any examples of precedence for other companies doing something similar?

Wouldn't it be more cost effective for Mercuria to let JRV go to the wall and write it off... let them shut up shop and be the preferred buyer for the parts once it's in liquidation?

I like many things about this company... some great opportunities, such a shame they got in too deep and are now looking down the barrel of being choked out.