cred of media and posters are on probation, page-27

"MFS has more assets than debt , so why would they need receivers? Apart from the Fortress loan , most of the debt facilities have a few years to run."

Jimi, if MFS cannot meet their short term commitments then it's off to the knacker's imo. Unfortunately Australian law makes companies with a short term cash problem and a good balance sheet very vulnerable to predators; more so than companies with a lousy balance sheet in fact. There are numerous examples of companies in such a position being assured of short term cash, only to get shafted at the last instant when it is too late to make alternative arrangements.

I would be interested to know if the hedge funds were acting on inside information, and if so then what information? I think that this is the key to understanding the whole business.

Billy