What if the new balls'd up APPRA find we were trading while insolvent ....
I hope upon coming out of suspension theres no takeover by SB that leaves SH with nothing but a small cheque ...
The thing i'll never understand is that we/WP had a chance to raise sufficient capital at 20c while we were at 30+ that would have cleared us from this mess...
I remember some posters claiming this would go to the low single digits back at 30-40c .. wish I had shown more caution ...
I do agree that WP has done the right thing on the product side but just poor execution on the finance and metrics (which I always wanted to see as they bragged about their implementation so often..
I still believe we will be fine but without a TVAR deal which wont be in our favour anymore (which was another of WP brags, that failed) we wont see 10c for another 12 mths
To think we had the beggers hat out for 1mil at 13,028,488% interest paid monthly
If WP can pull this off ... i will forgive him by 25%
good luck all
Be nice to get a positive ann or 2 while we wait
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