That hundred and something million wasn't invested to show confidence in the company, like you said, it was 'converted'. Obviously they thought at the time they had a better chance to milk it out of the share market than wait for it to me paid back or via a liquidation. Its all about recovering as much as they can, fairly obvious to see I would have thought
If liquidation becomes a better route at some stage to recover cost, they'd have no hesitation in given that a crack too I reckon
