timhb / todha, page-24

For TODHA holders I do not see any point in voting for the proposal - quite the opposite. Stringing these things out usually just adds to the evaporation of value through fees etc. To my mind, the delay proposal only offers benefit to the unsecured annuity holders (not our problem) and if you read the wording carefully, it notes that TODHA holders may well not be better off by delaying. I'll be voting against i.e. for a default when the 30 Jun rent isn't paid. That is the process that was contemplated for secured TODHA holders and I'm afraid I don't have any further concern for other stakeholders.