Jadel
Until the meltdown LLA had no real management staff and was run completely by OCV.
OCV would have organised finance for LLA with security over LLA assets taken by NAB with a guarantee from parent.
Just like if a child gets a loan for house and needs mum and dad to provide guarantee as income or deposit or both does not satisfy the bank.
Bank needs to have realised a loss I would have thought in LLA before they can force cash from OCV but if NAB play it cool it sounds like Artic will clear this debt.
PIF loan to LLA second ranking to NAB
- Forums
- ASX - By Stock
- OCV
- interesting days ahead
OCV
octaviar limited
interesting days ahead, page-15
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add OCV (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online