'and never come out'.
lurching into more exaggeration again.
Current assets of $97m ( at 31 December) are sufficient to pay out the 50m + 40m in Oaktree notes.
and it will be months of litigation before Oaktree can establish their claim . ( yes, I'm assuming that the 3 ' independent' directors are not Oaktree stooges....a significant risk I agree) .
Were a receivership action to be launched ( because the 3 indeependent directors reveal themselves to be in fact Oaktree stooges) some of the management contracts in the 3billion can be sold and with it the realisation of performance fees and BLA co-investments .
Blue Sky emerges dramatically thinned down I agree , its claim on a fund management activity evaporated and awaiting takeover from someone with evident credentials. Oaktree's avowed undertaking to assisting the Company to attract institutional investment capital into its funds. Oaktree’s overall strategic objective is to improve the Company’s growth outlook.
a transparent lie.
BLA Price at posting:
44.0¢ Sentiment: Buy Disclosure: Held