There financials may be the problem.High debt. Most debt rolling...

There financials may be the problem.
High debt. Most debt rolling next year (except for the $100mil)convertible note.
Loans secured by colateral. What colateral? What are the LVR's
All these financial questions are not a question until something like losing 60% of your contracts. A massive revenue hit.Revenue that will otherwise service the loans.
It brings in the bankers. It requires restructuring and fast.
Liquidity now becomes paramount.
It's not the knowns that is the problem. For me it's the known unkwowns?
If McAleese get through this and concentrate on higher margin business, then they are leaner, meaner, more savy and financially stronger.
The market question is, can they get through????