SITM, I noted when TPG first took up their position buying debt it was accompanied by quite a lot of media fanfare. In other words, it was orchestrated
Hedge funds do this sort of thing, it scares the natives, yet at once they have recently declared they want to convert their debt to equity.
Owning debt does not mean this can be done. Rather, it's up to the directors of AEJ if they decide that way
