Well except for the 280k from Brett Lees beer company that clearly wasn't picked up when we sold the loan book, as others indicated here it would have been at the time. Clearly SPX are holding that (and probably others not released in market updates or the media - as is the case with Brett Lee Beer Co) plus paying penalties to Release the Debt Warehouse plus financing the loans that grapple didn't want. All in all the deal doesn't look as easy as the announcement indicated it was again or anywhere near as good in relation funds out v funds coming into SPX.
May help explain how the Cash in Bank has reduced by 6mill in 1 quarter, when actually loss for the month was 1.1 mill though. But hey why rely on accurate and transparent reporting from the company when there are forums such as this for all to speculate instead......
SPX Price at posting:
0.6¢ Sentiment: Hold Disclosure: Held
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