I mentionned to the the administrators that since CNNC was a large reason for this mess that, if possible, get CNNC to provide additional liquidity (say $30mm and add it to the $90mm loan with no effective maturity date) for 2017 bondholders that might convince them to push back repayment to 2020 or even later, so that existing shareholders don’t get diluted and the existing common share structure remains. It would be a goog PR move for CNNC showing the nuclear energy industry that they are good JV partners and not out to screw their partners.
Administrator, page-8
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