not according to the latest anncmnt htran (which admittedly I am...

not according to the latest anncmnt htran (which admittedly I am reading several hours later).

If it goes into administration now, the company will have negative equity.

This is a very precarious situation. That person who posted the other day thinking they will get $100 of notes value back, well his goose is cooked now.

Now people may understand when I say noteholders will be called to the table to swap debt for equity on not very favourable terms.

I reckon ordinary shareholders now may end up owning less than 10% of the overall company and get massively diluted.