things are heating up!

When a business is sold the cash more often than not stay's with the vendor.

In this case AEJ has $138m which should stay with the shareholders.

What's more why sell now, why not generate a further $25 to $50m between now and when the debt falls due.

Summary, Sell now for no less than $0.20/share or wait to when teh refinancing needs to take place and sell for $0.30/share

Both Coastal and the debtors are not blinking yet. My belief is that the debt holders are not blinking until they see the vote. Only if it fails will they consider a revised offer.

The key to this situation is GPG. they organised the deal at $0.10 so it's really up to them to help ensure both Coastal and TPG can reach an agreement.

I think GPG will be upset if the directors put AEJ into administration, so to will the rest of the sharehodlers.

We may end up with a new board at the end of this. lets hope they don't get any incentives for being thrown out for doing the will of the debt holders!