Ann: Protean Build Update, page-40

PT, on face value I can see why the amended terms for CN holders are unpalatable for SH's - retail SH's are typically the last in line for a good deal from company management teams but they are the ones that take the lion's shares of the risk. I would think SHE management would know this deal would be unpalatable to rank & file SH's but did the deal anyway - that suggests it was necessary to do to pave the way for the restructure.

Its times like this that test the faith of a true believer - not being a holder I'm not qualified to say this in relation to SHE, but I have been in this position with other companies, so can empathise.

Cheers, Sharks.