Reading between the lines, It's obvious to an old hand they are just putting pressure on ANZ and BOS to sell their junior debt to enable the recapitalisation. The value of the hedge swap fluctuates on a monthly basis and is carried over year on year every tax year. Don't worry Lash, this information has been out in every financial report for the past several years. The hedge swap has been carried over year on year since the beginning. It's actually a good sign that ANZ and BOS wont sell the debt on the cheap because Redcape is backed net tangiable assets (bricks and mortar). But once the childish games and posturing are over they will have to come to an agreement, it's like a a millionaire arguing over his favourite rolex (ANZ and Bos over 40 million), it will all come good, mark my word.
RPF Price at posting:
9.5¢ Sentiment: LT Buy Disclosure: Held
