I guess "any value" depends entirely on: 1. sale of Europe price...

I guess "any value" depends entirely on:

1. sale of Europe price
2. requirements for any "top up" of pension plans
3. close out costs of factoring of recievables / inventory
4. bank debt close out / refi costs ......

b/c the non-distributions to hybrids ....there is likely to be cash inside some of the operating sub's .......

clearly a high risk situation......

rgds
V_H