asic summons centro for talks, page-7

  1. 31,306 Posts.
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    mmmmm interesting. so it seems that at june 30, the company was already aware of an impending financial liquidity problem - and then went to hide it. ohhhh - they may have been keeping their fingers crossed, that they would be able to refinance. 6 months later, and they still could not refinance - and now they are hoping to refinance in a few weeks. a bit sus, that some of the local bankers have withdrawn support, so one supposes that other banks will be equally cautious

    best of luck for those who have taken a punt, and bought at prices which have dropped 80% plus
 
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