Refer my initial report on the AGM (early 29/11) regarding a...

Refer my initial report on the AGM (early 29/11) regarding a question on Resolution 2 -

http://hotcopper.com.au/threads/agm-presentation.2414220/page-6?post_id=14376192#.VIGPQc8cT5o

Peter stated that the approval to issue 20% of share holding (ie 20% of 579M shares) was not to accommodate the possible redemption of the $200M convertible bond which can be redeemed on April 15 2015. He had other plans to cover that contingency. Well, the other plans do cover $150M for at least 12 months, but how will he pay the $50M? It appears from the announcement that LNC will pay $50M + interest in cash. If LNC don't sell more shares to raise funds, it will severely restrict their operating funds and plans unless they have a BIG asset sale.