small pih holders can stop the scheme , page-8

Thanks guys

The Independent AETD value of $48 - $148 mill minimum should have been increased by $36.7 mill so becomes $85 - $185 mill due to the following which was provided by Bronte in Dec 2009 ie after the Independent valuation....

At June 30 BBI took the following charge [from the BBI EPS Ltd 2009 annual report]:

"The current year EBITDA includes a one off $36.7 million provision for doubtful debts relating to a long term receivable within the Australian Energy & Transmission Distribution portfolio of assets."

Apparently related to payments owed by Babcock and Brown Power in Tasmania.

As BBP survived (so far) hopefully we'll see it in the AET&D sale proceeds.