here's some very interesting info, page-81

there is a current asset deficiency because the projects are recognised for accounting purposes as non-current assets - this is simply an accounting concept and i reiterate, it has absolutely nothing to do with valuation

if a fire sale were to occur, the projects would be re-classified as current assets (held for sale) which would get rid of the current asset deficit - the banks would get their money back and therefore they do not lose.

another poster copied the an enterprise valuation calculated by a research firm - the figure was about $1m different from mine (which makes sense, as EV is calculated using the exact formula i used)

pointing to a current asset deficient and saying that is how the banks will miss out means nothing.. explain the situation, which if it unfolded, would mean that the banks walk away empty handed