Just wanna share some info on Loan schedule(amount in AUD...

Just wanna share some info on Loan schedule(amount in AUD millions). It had about $103.7m loan due within a year. AUD1.4b book asset value. Assume your 25% discount, only 138.2m of property needed to be sold to pay off this debt. Loss is only $34m. Why would anyone assume a 25% discount on the Whole portfolio?

Current Loan
National 14.0 5.1% Apr 09 08@ +4%
Shinsei 50.1 13.9% Mar 09 @ 15% - Y libor
Credit Suise 15.2 4.2% due 1 May 08 @ +3.2%
Rubicon trust 24.4 12.0% due jul 08 only paid after other debts unless AFG placed under receivership
103.7 10.8% $11.24 (interest)

Long term loan
Credit Suise 141.2 2.1% Nov-09
Shinsei 483.7 2.0% Jun-10
Credit Suise 118.6 3.7% Feb-11
743.6 2.3% $16.98 (interest)