beppa, page-6

Theon, it would depend what you were offered.

If I was offered (say) 30 cents cash and 2 shares or something similar, I would be gone into the night. By restructuring the notes, the shares would have a whole lot more upside and you would stand to gain from them rising because the dilution factor of the prefs would be removed.

There are many ways to skin a cat. Stop and think about what an offer like this would do to the company's share price.

Still, it is all pie in the sky at present. Until the BBI Networks bonds and SPARCS bonds are fully paid out, there could not be a cash component in such an offer.