RE: Reality Well put and you may be right about the conversion and delaying the vote. You must agree the deals stink. Especially one deal being contingent upon the other.
I don't see anything wrong with selling Ez with $100M+ (a fraction of what it's worth) and either issue new notes or rights for the balance of the debentures and pay off the June debt. Then lease the MWS facilities to Anglo.
The result would be a profitable company with debts due next year.