I think this is the main issue hereis the outstanding 100 million dollar debt.......clearly a financial noose aroung red forks neck....
"""""n November 2013 Red Fork (USA) Investments, Inc., a wholly owned subsidiary of the Group, entered into a credit agreement with Guggenheim Partners, LLC ("Guggenheim") of up to US $150 million secured term loan ("Secured Loan"). At December 31, 2013, the Group had borrowed $100 million under the Secured Loan. Under the terms of the credit agreement, the Group has quarterly covenant reporting obligations, and the Group was in compliance with these covenants at 31 December 2013.The Group anticipated it would be in breach of certain covenants as of 31 March 2014 and 30 June 2014 and accordingly obtained waivers from Guggenheim in respect of those anticipated breaches as of that date, effective until 30 September 2014. There is no certainty that the Group will be able to obtain further waivers beyond this date.""""
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