Rebecca Le May looks like a second rate journalist that needs to understand business a lot better than she does. To present the picture as she has done in this article shows the lack of knowledge of the administration process. The banks will get their money back a lot sooner with the sales made by the company than by an administrator. I'd suggest the banks want sales of the assets and would not want administration. I think they are loving the MM deal.
OZL Price at posting:
$5.85 Sentiment: Hold Disclosure: Held