why are we selling anything now?, page-10

From my understanding, the $140M bridging loan was granted on the basis that the Martabe sale would progress. ie. the Martabe sale was security for the loan. So even through OZL will have $600M cash, it still needs to proceed with the Martabe sale or (show it is) otherwise it defaults on the loan.

I am unhappy about this, like a lot of others. I only hope that OZL management dilly dally so much on the Martabe sale (like they have on everything else) that the MM cash comes through and we do not need to sell.

HT1