Ann: Extension of Voluntary Suspension, page-124

Hi Trav,

That seems like a terrible scenario - wouldn't a more likely one being a small equity raise for working capital and/or drawing on the banking facility they already have? If they can't sell the wood and oil they have i'd argue that the business deserves to fail - but it doesn't deserve to fail due to a mismatch in assets/liabilities as is happening now. Liquidity problems can always be solved but I don't think the debt is a problem in the medium term if they can actually get the business sorted.