read jebr's post, 3 below yours in the ady post list - that explains it properly.
Basically they have a mortgage over the assets, and are due to pay an installment at the end of the month. In the event of a default, Hawkswood does have the right to take over assets to cover the debt - but this is not necessarily the same as "taking control of the company", as some interpret it. There are also other measures in the agreement, such as increased interested if payments are not met, so it would seem likely that seizing assets would be a last resort
ADY Price at posting:
4.6¢ Sentiment: Hold Disclosure: Held
