it is not as bad as all that...the notes must remain listed no matter what happens........if Packer wants his money back he always has to pay out the hybrids at some stage....but I agree it could be a long wait without much cashflow in the worst case scenario.
he is a deal maker so he will come back to market at some stage if he does privatise it as he doesn't really want Crown Melb and Perth
Cwnha, page-6
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