am i missing something ?, page-17

No Obdurate, the problem is a couple of the banks want their money NOW. Not because Ozl is a basket case but because they (the banks) have got themselves into such a sh*t state that they are pulling in every cent that they can get their hands on. Almost all commonsense has gone from especially the overseas banks! The fact that Ozl is still operating three months (and now going out to four months) after this saga first raised it's head is an indication of the viability of this company. I suggest the banks know that administration would be stupid...they realise that their money CAN be repaid by Ozl, its just the pressure placed on Ozl to do so, and Ozl is stuck with how to do it?

An analogy to think about - How would an individual feel if the bank holding their mortgage one day came up and suddenly said they want their money back when...
You paid $200k for the house
You have $20k in the bank
You are just starting a new $60k pa job and
Your house is currently worth $600k!!
.....I reckon you would feel rather miffed!

(Believe me though I am not a fan of this Ozl management!!!)