I guess under scrutiny it would meet its legal obligations, but...

I guess under scrutiny it would meet its legal obligations, but COME ON, lets NOT all pretend that this wasn't going to happen. Its been a "Dead man Walking" for some time.

Companies that don't make a profit don't stay afloat on their lenders goodwill forever!!!! The market isn't turning, industry investment, isn't there, so why would one continue lending to a business model that doesn't work? Massive profits were based on massive industry investment and massive debt.

Finally the next few weeks could see this end. Lets hope there's not as many people tipping money in, as there was in days before the FGE collapse.

Looks like the Fairy Godmother Squad has come up with nil and now BLY is about to go to Cash Converters after all (secured creditors).