28 March 2003 12:00am

The West Australian reports that ERG have the necessary votes at today's meeting of convertible note holders to pass the first stage of the complicated capital restructure of the company that will keep the fare collection and smart card systems integrator solvent.

The newspaper also delves into the background of Duncan Saville, the key figure behind Special Utilities Investment Trust, which will control close to 40 per cent of the shares in ERG once the restructure is complete.

http://www.thewest.com.au/20030328/business/tw-business-home-sto93007.html