I have lodged my concerns with ASIC,Any recap would need one of...

I have lodged my concerns with ASIC,

Any recap would need one of the major holders to lead and before that due to time vote down the current sale. If the major players arent over this then its probably a done deal. Holders just need to make sure they get their votes in on time and if they have concerns lodge something.

In terms of viability I would imagine they would need to sell something like TGP to buy time and getting a stay on paying back the rest. But who knows what the banks true position is. But again you need a 'clean' set of current accounts (showing positive cashflow) to drive this and a major player.

Still a week or so to go and a few more twists and turns...