Unfortunately you guys hold the non performing, unsecured GTP debt.
ANZ and the other banks hold the (still, but not for much longer) performing, secured GTP debt.
You will get a seat at the table once GTP goes into administration or liquidation, along with all the other unsecured creditors. Your position will be well away from the head of the table where all the spoils will be.
Don't expect too much, as once the banks, the administrators, the lawyers, the directors, etc have taken their entitlements, there won't be much, if anything, left for the noteholders.
At least you rank in front of the shareholders, who definitely won't get anything.
GTP Price at posting:
12.0¢ Sentiment: None Disclosure: Not Held
