Suspect the bank's primary concern will be about the preservation of their loan principal (or recovery of as much of it as they can if found to be irreparably impaired).
There are mechanisms in place to deal with the exad of a law firm which Grant62 outlined in a reply to one of my posts in another thread earlier today. If an exad happened the costs of multiple exad legal and insolvency professionals would significantly dent any returns to creditors (and likely none available for shareholders).
http://hotcopper.com.au/posts/17179811/single
- Forums
- ASX - By Stock
- SGH
- 70c plus when banks sign off
70c plus when banks sign off, page-2
-
- There are more pages in this discussion • 75 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SGH (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
JBY
JAMES BAY MINERALS LIMITED
Andrew Dornan, Executive Director
Andrew Dornan
Executive Director
Previous Video
Next Video
SPONSORED BY The Market Online