SGH 0.00% 54.5¢ slater & gordon limited

70c plus when banks sign off, page-2

  1. 1,787 Posts.
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    Suspect the bank's primary concern will be about the preservation of their loan principal (or recovery of as much of it as they can if found to be irreparably impaired).

    There are mechanisms in place to deal with the exad of a law firm which Grant62 outlined in a reply to one of my posts in another thread earlier today. If an exad happened the costs of multiple exad legal and insolvency professionals would significantly dent any returns to creditors (and likely none available for shareholders).

    http://hotcopper.com.au/posts/17179811/single
 
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Currently unlisted public company.

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