It would be way better to book a loss through a discount on receivables, than to dilute 20% at 5%
This is utter nonsense. They would be accused of making special deals with certain partners that are AGAINST THE BEST INTERESTS OF THE SHAREHOLDERS. They could be sued for sure.
They already told you in the 10-K why they think they can collect it. And you want them now to sacrifice some of it? Because they control TRW, and TRW is very profitable. They can even convert it into TRW equity.