Hi dc1,
All I can say is they were looking at a model of swapping debt for equity. I am sure there would have been other aspects of additional equity/liquidity, but I didn't hear nor discuss those aspects.
My discussions were only on a narrow basis (not a broad one), and they were focused from a property acquisitions angle. That's as much as I tell can you. Whether things have changed since then I don't know!
Cheers, Pie :)