positive news from smh, page-34

It was always going to be this way imo, and the US Banks & Noteholders were also applying pressure on the Australian Banks to step in line with the American Banks.

Clearly, the way forward has been agreed upon thus dismissing the lawyers and the jackal's who want to tear the carcass of Centro apart.

The thing is that Centro has never been a carcass, it is an intrinsic very good business that can meet its debts. The problem has always been rolling over short-term debt in a credit-crunch period.

Now what was that statement that Glenn made at the Centro H1 Presentation again? Ahhhh yes, I remember now:

'We're in a capitalist system; it's a harsh system; and if you're wounded people try to eat you. People believe Centro is wounded. We're getting cured, we're going to cure ourselves, and so you will find that any effort on that part will have resistance'. - Glenn Rufrano, CER H1 Presentation, 28.02.2008

Cheers, Pie :-)