negative net asset position, page-28

Sorry to state the obvious, but once you wipe off the $600m bonds in the debt for equity swap and also the banks swap some of their debt as well, then you will have positive equity, by hook or by crook.

Of course, the unknown question is what will be the new number of shares on issue, and in that respect we are at the mercy of the banks, and to a lesser extent we are at the mercy of the bondholders as well.

Hopefully we get a look at it on Monday, otherwise the shares will need to stay suspended for ages.