A long ASX announcement today trying to give some positive spin...

A long ASX announcement today trying to give some positive spin to the Titanic.But,if you read closely, the real message is that the TREES investors will not be getting any coupons(interest) this month.Unless this is paid by June 11th, a conversion trigger kicks in.Oh the dilution!!My interpretation is that,unless MIS sales are pretty hot in the next two months, (what chance)GTP will need to flog a bucket load of assets very soon to remain to fight another year of 'raping and pillaging'.
But what would I know.