Disclaimer: I am not an investment advisor. Heck, i am not even working in the financial industry. Below are my interpretation and i am grateful if you will let me know if anything i say is wrong and i will correct it in a reasonable time. I am not an expert and don't wish to be assumed to be one. I make losses frequently.

In the vain attempt to make an emotional connection to the retail investors so that we would more likely accept her proposal, this woman called Olivia Lum says "she is deeply saddened". And as an act of showing remorse, she says she will pass to the perpetual and preference investors her 1.26% of restructured shares. I think she knows it is worthless that's why!

If she was sincere,

1) she would have cut her pay and her BOD's (Board of Directors) pay very much earlier on. 

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