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That’s just wrong.MAQ have no concerns Re MAH getting paid...

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457 Posts.

82

01/07/24

17:08

Post #: 74553270
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Originally posted by Aqil: ↑

If the receivership was a proactive move (instead of reactive), it would show clear intent that MAQ aims to clear it's balance sheet of the secured loan.

The move was made in reaction to the board filing for voluntary administration; allowing MAQ to protect its security in the event MAH took legal action.

If CAI can find a way to repay MAH, and MAQ have no intention of disposing of its loan or hedge book, we'll be able to resume trading but at a significant cost.

Waiting game.

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That’s just wrong.

MAQ have no concerns Re MAH getting paid before them.

All the CAI payables would have already been legally controlled by MAQ to protect their interests.

Dont be naïve.

There are no smoke and mirrors here, stop looking for them.

CAI Price at posting: 11.5¢ Sentiment: Sell Disclosure: Held
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