chairman and ceo presentation to cer agm, page-14

Wealthyjvd,
Debt for equity swap without going into figures may ensure survival, but it is not necessarily a pot of gold, even for shareholders who have bought sub 10 cents.
Try converting say $1b of debt into shares say at even 10 cents & see how many shares are on issue.
Remember shareholders will get to vote on this resolution but it is the bankers that have to agree to this & THEY DECIDE THE TERMS & PRICING OF THE SWAP.
Just remember debt for equity proposals have come from CNP not bankers, so still only a possible solution.
Regards
Buffett