maybe not receivership- maybe at least 10c

Ok, so I wrote the other post and then I saw this- an article in the Australian, written on Thursday arvo.

http://www.theaustralian.com.au/business/opinion/investors-may-be-trading-in-the-dark-on-redcapes-agreement/story-e6frg9kx-1226121573519

It's a good article, with all the detail, but it also says this, on the possibility of the alternative consortium potentially making a bid of "at least 10c a unit":
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"Meanwhile, another consortium is interested in putting a proposal to Redcape, but has been hampered by exclusivity periods granted to the hedge funds to put a proposal, and then by further lock-out provisions in the agreement.

"The consortium is said to include the cashed-up Washington H Soul Pattison, the Laundy group and an Asian fund.

"It is said to also be planning a takeover of Redcape and a refinancing of its debt facilities and to have the support of the junior lenders, presumably because it proposes a higher payout.

"It is suggested this consortium has in mind an offer to the unitholders of at least 10c a unit."
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There's many "ifs" here. If, however, the alternative consortium (the junior loan consortium) is able to make a bid, and if the bid seems reasonable, or better than GS (the senior loan consortium), then we have 56.9% of votes belonging to TWH and HLG, the receivers, so it would be a done deal. Here's the current shareholder base for RPF if anyone is an AFR member:

http://tools.afr.com/research-tools/shareholders/?code=rpf

Best of luck, holders. The trading halt ends tomorrow/Monday, so we'll at least find out something.