flash suit but eddy been stripped

http://www.theaustralian.news.com.au/story/0,25197,23338904-601,00.html

in short, some positive news and signs :

-EDDY Groves left Australia for the US last Friday dressed in a garish shirt, carrying hopes of saving his ABC Learning Centres empire from oblivion.
He arrived back yesterday morning, dressed in a flash suit, carrying Louis Vuitton luggage.

-the 14 per cent stakes held by the Singapore Government's Temasek and US investment bank Lazard Asset Management.

-Mr Groves used his US trip to seal a $750million deal to sell 60 per cent of the company's US childcare centres to Morgan Stanley Private Equity, giving the company valuable cash and breathing space to see off its anxious bankers.

- Speaking before news of the margin calls was released, he said his visit to the US had been "very successful", saying the underlying ABC business remained strong. "I think it's an opportunity for us to continue to grow in the US and we'll bring back a lot of cash so we can reduce the debt of the company, so it ticks off all the boxes."

cheers