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westcott

8,602 Posts.

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27/12/16

16:17

Post #: 21565688
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Originally posted by Piste Skier ↑

You would extend the maturity if the Note for a further 2 years if you didn't want to send SDL into administration. Even if you didn't want to continue to have skin in the game. The note holders had NO CHOICE. Any implication that the extension is some form of "vote of confidence" in SDL is nonsense, and, as I have said previously, misleading.

Accounting 101 - the loan in the lenders accounts is not a liability - it is an asset. And I am certain they will have raised a provision offsetting the "asset" which is of no value - ie written it down.

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Hi Piste Skier.

If the Russians have written off their SDL Investment, why would they care if SDL went into administration? How do you know they had NO choice? How do you know it was Not a vote of confidence in SDL? Have you got inside knowledge the same as jayneen?
How is anything misleading and nonsense if you have No proof of it being so? It is only your opinion I believe.

Westcott.

SDL Price at posting: 0.3¢ Sentiment: None Disclosure: Not Held
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