Given there is a consortia of banks, no one wants PSV to wind as...

Given there is a consortia of banks, no one wants PSV to wind as then creditors will have to settle for a few cents in the dollar. Better for the banks to send a lifeline (if they can get happy with the outlook and marginal risk, thus the need for new equity) and let PSV trade out of its current bind. Only fear is with what happened with Pasminco, is that smaller banks tried to force the larger banks to cover their positions or they would wind the company up. Large banks won't set sucha precident and let it go under. Still a better than 50:50 chance that PSV will make it