alinta owe $450 milions to shareholders, page-8

YEHA-----nice to see someone else is actually been reading what is written amongst the piles of guff we've been given over the last year or so.It's not hard to do.Saves making mistakes and makes you as pigheaded certain as i am.
And i believe the existing management have done a wonderful job so far for shareholders and stapled security holders/we are that too.Especially clearing the BBI debt so cheaply.

yes,we're owed money.Yes the directors would be infront of serious inquisitors for allowing the trust to continue to run if its assets were worthless.

It's the same with with being directors of the company that is insolvent.

origionally i believe the sum was $720m.The $430m probably refers to those that were adequately documented,i think from memory.It just means if a judge has to decide,no paper trail and signed documents makes it hard to prove your owed the extra as a mainly unsecured creditor.

that's $720m divide by 800m shares equals 90cents or so.

If and when Alinta gets free cash(sometime well in the future) this will be returned tax free of course as it will only be a refund of trust equity.

In the meantime us shareholders have $720m ish owed to us.

So if you want to take a holding in the company with a view to takeover,start fronting up with a buck for each new share issued in a capital injection.
THAT"S WHAT EXISTING SHAREHOLDERS HAVE IN THE BUSINESS

Now you can see why that hasn't happened.It won't give them enough control cheap.The only one with that is GPG.The other option of course is to buy ours for say 50c,make a 50c on paper profit and provide security with your existing business,be it Origin or whoever.

I just don't figure it adds up as attractive to anyone yet,so Alinta gets to survive with a limp for a while,until things change one way or other.Hopefully continuing to lift its head above water,giving me a buck back tax free over time and shares in a successful energy retailing company.All for 6cents or so.

My position hasn't changed other than i cannot commit any more of my portfolio as its packed for bear with Alinta shares.Wish they'd drop to 2c mind and then my CSL shares would have to go this way as well.I'm still mulling that thought