Why did the lenders pull the plug before knowing what the actual results were?
If it was just a case of mngt getting the impact of the accounting change wrong I don't believe that would have been the case, especially for a non cash impact.
Something else has happened that we know nothing about IMO.
Has the view on the fundamental viability of the business changed?
At this stage i have zero confidence in the accounts previously produced actually showed an accurate view of the assets of the business.
I wouldn't be surprised if we saw a material right down in the Balance Sheet, & I'm not talking about a Goodwill write down.
Ann: Request for Suspension Extension, page-129
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