External Administration, page-24

Maybe I’m just seeing it this way to make my self feel better, but I know STL were not on good terms with the Sydney credit provider, and I also know that the repayment of the 6.5m debt was to be repaid in full via a VERY large debt facility (in the context of the current business growth/trend) due for settlement in LATE November 17.

Hopefully it’s simply a case of the credit provider acting on their legal entitlement, and STL playing the only card they can when they are unable to pay their debts in full as and when they fall due.

But hey I’m probably wrong. Time will tell.