who frustrated the ifca deal, page-4

Abobo/charlessturt/ceojim/the ferret, It would not have mattered how much financial information IFCA provided, it was never going to be enough for the bondholders. The bondholders were determined to frustrate the process.

The key factor in McKechnie's decision was that he saw that the bondholders had $60m at risk while IFCA had none at risk.