its not just the ci who has the opportunity, page-8

no orchid, they need to go the whole hog and raise a very large amount. At least $1B and possibly more. it appears the PD Ports money will need to be paid as well as a large chunk of the corporate debt.

A half way house recap will not satisfy the banks. They want a total solution now.

Also the bigger the raising, the more the equity dilution. The CI wants the dilution to be as much as possible so that they (and their mates) can make as much money as possible.