should have gone berserk, page-46

  1. 3,648 Posts.
    zzedzz,

    I understand where Centro is, I am aware their accounts may have been misleading. I can see that $1.5B was in the wrong column (even PWC missed it!). I can see that the previous management made a near fatal error in not going to long term loans months ago - too interested in fast growth rather than stability.

    In the end, the mistakes were discovered and actions are being taken to fix the structural flaws and the banks have seen Centro books and Rufarno's efforts and the recovery plan and endorsed it with this new extensions.

    Now can we move on?
 
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