because IMHO the position of the company is much much better...

because IMHO the position of the company is much much better than they are letting on and will only improve over time. personally i would like to see a cap raising similer to that of BLY and then the sp will rocket.

According to the release on the 21st January EBITDA will be more than last years figure of 319m. the largest protion is the I on the debt which stood at 2.8B (much too high).

The business is sound and cashflow positive, the directors have taken the view that the only option is to bail out, whereas my preference as a share holder would be to recapitalise and grow.

if the debt holders (who paid something like 60 cents in the dollar for the debt) were serious they would have offered 20 cents and they would be assured of a deal and still make millions/billions off the deal!

Yes there is a risk in a NO vote but i am 99.99% confident the debt holders will offer a higher amount as they have more to lose and loots to gain, they just got greedy.