Ann: Debt Reduction and Restructuring of Converti, page-8

re: Ann: SPS: Debt Reduction and Restructurin... i agree


problem is there are 3 companies involved in money swaps and they have been sucked dry.


look at MDA/SPS balance sheet it is -9 million in assets


it is dead

the money cant be given back, it is gone

the only way sps/mda can survive is recapitalisation and nobody is going to give them money if its just to pay debt



it is a sorry state, its either hopefully get part back or get nothing if sps goes into admin



3 dog companies