Bob
my understanding of what was said at the AGM was......if the company was to take out a loan or draw down on a loan facility, then in the circumstance of the company folding, the bank would have rights over the assets of the company in preference to the shareholders. That does not mean that the shareholders owe the bank, it means that the shareholders are second in line after all creditors including the bank. We would get a portion of the dregs that are left.
I am pretty sure Bob, you and all shareholders can at least sleep well on this aspect of the sad tale, not that I think it will come to that anyway.
I still believe that we will get some worthwhile direction soon. I am now going to have another red. TGIF
PB
Bob my understanding of what was said at the AGM was......if the...
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