Judging by the recent update with record uplift in numbers, revenues, etc, corresponding fall in margins and increased arrears, reading between the lines, I'd be surprised if the lenders did not want an increase in equity and accelerated loan capital reduction in return for keeping the facilities open. Ultimately, though who blinks first: they don't want to run the risk of wiping themselves out. The old adage applies: 'time will tell' lol
OPY Price at posting:
19.5¢ Sentiment: None Disclosure: Not Held
