new announcement!!!, page-68

BH!,

Not sure if you missed or chose to ignore this:

'Based on bank discussions to date, current expectations are that revised financing arrangements will be in place by the end of the year -- in advance of the current April 2010 maturity date and the existing year-end 2009 covenant compliance tests'

NOTE: The covenant compliance tests is year-end 2009. Not 30 June as you've suggested.

I noticed you have sold out, and therefore you are quite safe if, as you say, it will breach covenant 30 June. I naturally question your motive for hanging around BLY thread, and I also question whether you honestly missed or intentionally ignore the above fact.