Absolutely correct.
Without the covenant testing waiver RFG could have the loans called back by the bank at anytime.
So yes RFG is at the mercy of the banks.
Peter George has a fantastic reputation as a turnaround specialist and I am sure this is the only reason RFG has been granted these covenant testing waivers. Getting this extra time is crucial in the survival attempt. Let’s see what happens.
Cheers......Daicosisgod
Absolutely correct. Without the covenant testing waiver RFG...
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6.7¢ |
Change
-0.001(1.47%) |
Mkt cap ! $166.9M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
| 3 | 126330 | 6.7¢ |
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| Price($) | Vol. | No. |
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