breach of debt covenants - overdone, page-4

Good post Jim. I think the only worry now is that seeing that DML have a breach it gives the bank the right to call all of their lending in. Remember ZFX---the banks got SCARED and wrecked a company with solid cash flow. Hope the financier for DML is not playing hardball and forces them to do a cap raising. Would not be the end of the world but you don't want your financier telling you how to run your company just because they are getting cold feet.