Sorry but this Langston debt

Would I be right in saying that its around £15 million which has been transferred over yet its still a debt of £15 million the difference is a change of ownership of the debt. So in effect that £15 million debt is now being charged with a 7% interest charge on top now with it being Tans loan note..? Or am I missing something and apologies if that is not the case.

I dont think anyone really knows truth be told Adam. Even the news outlets are reporting different figures. I guess we'll just have to wait for the debt to equity conversion to take place.