this release sounds like good news overall.....a few issues with the senior lenders but nothing that sounds very problematic.
clearly the old CEO botched up the handing of the arrears issue and was at war with the CFO..now he has gone the ship can be righted. I cant see the senior lenders walking away on this evidence. old CFO back after the CEO has gone is confirmation..
so going forward I would expect the company to come to terms with the senior lenders, announce a new CEO and probably a small rights issue...reaffirm business direction.
this release sounds like good news overall.....a few issues with...
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