The issue with this company was not its earnings....rather what the banks may do. Now we have evidence of strong support from their bankers.
Thus news this moring from Singapore was very significant......now just out from the Syndey Morning Herald: (just a little more to help esenitiment)
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Rubicon Europe repays $58m
Email Print Normal font Large font AdvertisementMarch 25, 2008 - 12:13PM
Investment company Rubicon Europe Trust Group says it has repaid Credit Suisse Group a 34 million euro ($A58 million) loan as scheduled on March 20, 2008.
Rubicon Europe made the payment as part of a so-called warehouse facility, which was used to fund one of the company's loan portfolios. The balance is about 117.3 million euros.
The terms of the facility were varied on March 17 so that Credit Suisse waived a 9.9 million euro margin call and the right to further margin calls as long as Rubicon Europe makes monthly repayments.
The facility matures on March 31, 2009.
any news coming, page-3
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