didnt the annoucement say they are supposed to pay a million a month? how on earth do they do that? thats not possible. there are wealthy investors involved with Wellard arent there? that holmes a court guy, they probably have a spare 15 miliion , why dont they just loan it to wellard on mates rates and get on with the job?
or they can sell one ship and pay it off and limp along with whats left, is that even possible?
frustrating times indeed
Ann: Update on Debt Restructure, page-7
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