http://www.news.com.au/heraldsun/story/0,21985,24497860-664,00.html
City Pacific scraps failed First Mortgage Fund
"....It said spin-off CP1, which also owes the CBA about $100 million, might not be a going concern.
CP1 missed a self-imposed deadline of Friday to report progress in talks with the CBA over the debt and remains suspended from the ASX.
CBA spokesman Bryan Fitzgerald declined to comment."
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