solvency and a 2 month wait, page-45

Mr Peacock would not comment on whether he believed the company, which has been heavily criticised for its poor transparency, could have done a better job of disclosing its debt position before its share collapse.

"We are working our way through (the meltdown) and managing well to date," he said.

"I'm always concerned and wanting to do the right thing by shareholders".

Personally I think Andrew Peacock is likely to have a far greter understanding of the financial position than some journo who is paid his wages to exagerate for a headline