Quite so pwu, given that holders of debt have no call on Alinta...

Quite so pwu, given that holders of debt have no call on Alinta until Feb/Mar next year, save for the company trying to sell assets too cheap. Simply put, the AEJ directors determine the playing field until the end of the 1st quarter of 2011

Some don't quite get this, instead they think debt holders will determine the outcome of current deliberations. Yes they may have influence, but if it is they who wish to own the company in a virtual sense, then they will have to pay.

The only material edge that debt holders have at the moment is they have bought factored debt. ie: A $1's worth for 75c, so when the company's debts are retired they will see a profit.

Anyway, it looks as if the game is afoot. At last