re: Ann: Suspension from Official Quotation -... Status of Refinancing:
"Service Stream will now finalise with its Banks the refinancing arrangements presently underway. The
Board remains confident, following ongoing discussions with its Banks, that the refinancing will be
completed on reasonable commercial terms."
I am very surprised at that statement - their leverage ratio would be right out the window, if that was a covenant, I would guess. No time to research this one . . .
However they did have a fair amount of cash at the HY - maybe that will help tide them over.
GLTA - hope my concerns are unfounded about the borrowing shituation.
Ann: Suspension from Official Quotation - Extensi, page-8
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