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2.7¢ donaco international limited

Ann: Reopening of Aristo International Hotel Casino Operations, page-95

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rogermht

487 Posts.

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26/05/20

13:18

Post #: 44840572
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Originally posted by htran7528: ↑

I don’t think Mega Bank care about the internal war between factions within the company.
Last year at the height of the legal war, mega bank did not pull the plug.. they extend the loan then… so why pull the plug now, when the war is over ? and everyone at peace.
The decision to extend the loan, hinges on whether the company will be able to make money and repay debt.. that is all mega bank care about. Whether the company can make money or not.

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You are wrong. The assets can make money doesn't mean the money and value will flow to the right places.

There is no confirmation Megabank agrees to the settlement let alone extending the loan and waive the covenant.

Megabank has every right to not agree to the settlement if they felt they can't trust the people at helm and thus hurt their interest.

If it is so simple as you think, why take so long to say yes or no given the settlement condition are already laid in plain sight?

DNA Price at posting: 4.4¢ Sentiment: None Disclosure: Held
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