ann: placement completeq, page-31

I am sure Mac caught them with their pants down. The 5 mill on 21 Dec was 'just in case'. But by then the CIL was all up and running. So I guess up and running on 31 Dec was six months late. And there should have been payments... 1.3 mill a month... interest?... for the prior six months.

So the detail of this upcoming doom must be somewhere around July / Aug 2012 in an annoucement.

I will stick to my story. With the extra 5 mill Mac got AND the 1400 hedge on 21 Dec, they got a little entree. And they then waited for a couple months to put the big boot in. We are talking 8 mill here.

So if Mac got 5 mill on 21 Dec, just in case, they likely could have got 13 mill - and all would be OK. But then Mac could not put the boot in in Feb/March.

So, I think BDR management have been played like a fiddle by Mac. As I said, not a felony, maybe just a 'learning experience'. If I am BDR directors I am seething under my collar. And I will pay back as fast as I can (even 8 mill a month, the 110 I owe Mac). Then when the 110 mill is paid completely, I will tell Mac to P off and F off. Until then, we (BDR) need to be good little wives to the big bad Mac husband. We will have our day.