Loading up the truck, page-637

Am I right to think a breach of the lending covenants requires an asx announcement? It would be self evident if it has occured. We have a new CFO and E and Y guy who come with reputations I can't see that they would put Sgh before their own responsibilities.
I have reflected elsewhere but just to state again at June 30 there were 55000 nhil files , 110000 essentially rta files within Sgs with a view to adding 77000 and settling 70000 in 2016 plus some nhil files. So assuming half the 70000 files settled in the first half which in itself is inprobable , that is the sum total of inflows into sgs.
So bleeding cash , yes. But that's a hell of a lot of files progressing. So that's the task of the CFO to demonstrate the outflows are less than the change in Wip.
I think he maybe starting with a new bit of paper.
I am still puzzled by PwC having their knees under the desk. I just wonder if there maybe a tie to the warranty provided by Quindell. I assume any claim on the warranty sums ( 200 million with 100 million held in escrow) would require evidence of support. Pwc maybe seen to be agreeable to both parties. Just speculation.