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Ann: Proposed issue of securities - CAI, page-9

  1. 385 Posts.
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    Quote " I was shocked of the suspension I thought it could have been because of 'Acquiring' Novo's mine with all the liabilities attached to it lenders decided to bail and force cai into bankruptcy"

    That is very intuitive thinking. If I were Macquarie Bank, I would be so pissed at the Nullagine deal and be wondering whether Government Rehab Liabilities trump Secured Creditors (ie Macquarie) upon the company being wound up.
 
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