AFG australian finance group ltd

why call administrator now, page-45

  1. 806 Posts.
    "all the babble re "6m" on the charge... umm that will only fly if the bank/s took Additional Security without anything given back in exchange...?"

    It appears they took security in exchange for not calling in the loan. As far I can see the loan was interest only on a limit of about 900m until September 2009. I very much doubt the limit was put up - although I could be wrong. I suppose it may be possible that extra funds were advanced but... well we just don't know.

 
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