dont forget that it is a mquarie satelite, and talk of the fund failing???
A pretty good big brother to have,
anyway, if they sold assets to remove the debt convenat, they areleft with the remaining debts, with no covenant.
What is more important than the covenant sideshow, is getting the near term debt facility of june 09, granted a 3m extension so far with continuing negotation, to a much longer period.
Do that, and its through the worst of the storm.
You think MQ bank would be the full back, for this sort of thing.
MDT Price at posting:
10.0¢ Sentiment: Hold Disclosure: Held
