spoke with jc & pc, page-58

A couple of points from the Fortis website

"...Fortis’s core equity amounted to EUR 8.0 billion on 31 March 2009."

"...Shareholder’s net equity at 31 March 2009 amounted to EUR 6.7 billion and the net cash position of General was EUR 1.6 billion."

"...Overall solvency remains strong, in line with levels of end 2008"

"...The inflow in April and the first half of May continued at levels in line with the first quarter of 2009, confirming the positive commercial signs seen in the first quarter."

"...Fortis reports total gross inflow of EUR 4.2 billion for the first quarter 2009, significantly up quarter on quarter"

It appears these guys are not in trouble or looking at "insolvency and Chapter 11 etc" and have sufficient cash-flow...

But what we do need is conformation that the debt is re-financed...thats A$51.4Mil due on Monday...typical MAE no news until the very last minute !

All that said the sp is holding up ok considering the growing sell depth...