Dilution is not a solution either, unless losing 90% of your investment is acceptable?
Time gives the opportunity for a solution, the only hurdle would be the $350 million corporate debt facility, with BEPPA still alive the convertible bonds would have to mature in 2012 at the earliest.
The asset sale process failed, but it's still my belief that given another few years there should be no problem whatsoever offloading some combination of DBCT/PDP/NGPL as required to pay off debt.
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