att: enumerate - comments appreciated, page-23

The NTA is estimate to be negative 0.9 billion, I can’t see where they can find the monies to make $30 per note offer.

With this mark to market accounting, is the NTA really negative 0.9 billion now. How accurate is it? What happen if 2 months from now the NTA get revise to +0.5 billion.. what then.. holders have already accepted the offer. Bank win.

6 months from now, asset get re-evaluate. NTA become +1 billion.. again, bank win.

These bankers crook have just taken advantage of current market condition to set themselves up with 20% restructure fee. No doubt if market recover, they will recover all their monies.

NTA was positive $2billion in last full year report.

I think a reasonable restructure deal would have been 10% restructure fee interest for the banks and 5% interest for noteholders. At least that deal is easier to swallow for noteholders. I would accept a 10% restructure fee deal. The bank will recover all their monies and noteholders have a chances of getting something.

Is there anyway we can revisit the restructure deal? Can it be negotiate at the noteholders meeting?

20% restructure fee is just too much, if market recover not only will bankers get all their monies back. They will profit from it. For noteholders, there will be nothing left.

someone from our action group should send a request to the directors and bankers regarding a revisit of the restructure fee. If they accept 10%, we will accept their offer.