hidden treasure in alinta headco

http://www.theage.com.au/business/gpg-poised-for-windfall-on-alintas-failure-20100919-15hwd.html

When I examined the report the Age quoted it says that, on an ongoing basis, the value of the headco (i.e. remote from the claims of the banking syndicate) is $99.9m to 114.6m. How much of this unit holders get is then a function of the seniority of debt from the trust to the company as compared with the seniority of other claims against the company.