So he has stopped paying TAP the monthly payments for the 10m...

So he has stopped paying TAP the monthly payments for the 10m usd owing . Tap are silly for delaying on the reserve payment , even though they may not have funds , they need to raise capital . It's clear to me that TAP are stalling due to funding problem . They have cost over run and this 14.5 m so about 21 m usd to pay and I have no doubt they don't have this at present . They paid the 2.7usd the other day so cash must be tight . They really need to bight the bullet and raise some funds - at least enough for reserve payment and hopefully increased reserves equals increase reserve lending facility to pay for cost over run