Catz, that is probably why, in last SG billing (or AG billing), there was a reference to a 'review of tps plan'..... TPS might have anticipated not being invited to mediation and thus, submitted plan to SG/EC.
Which follows the ever lasting question which is the better deal. If Ps get a percent pay out then the remaining difference is paid out with shares in the new co the seems like a better deal but if the Ps get converted to commons in the new co nothing stopping a reverse split happening after we exit unless a deal is struct that the shares must be bought back instead imo many different things can happen what could be is never what is in my experience. Were just the 99% paying the bills of the 1%.