Ann: Company Update , page-54

For an example of how the tough times are impacting just look at what is happening to Forge. Don't know the background to that company but the immediate situation (two bad contracts and a huge annual loss) is very similar to ours. The difference is that ANZ seems to have offered a helping hand (does VDM still use Bankwest as its main financier - the ones that pushed the highly diluting CR which Broadie signed up to two years back)on not unreasonable terms. But maybe they have some confidence in the management team there.