I agree that good assets with more than one interested party will achieve a "market" price not directly related to the SP at the time of signing.
If early interest in the good assets is at good levels, the banks will be more reassured and more time granted to sell at good prices.
Hypothetical: Does anyone see a possibility of some of the banks (eg via their investment/super funds) buying some of the quality assets at market price? That way they'd get full value for their money rather than the worst case alternative being liquidation and having to scramble for their share of what's left secured and/or unsecured. Or would that be too much of a conflict of interest?
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