glad i'm not going to be here when market opens.the thing is...

glad i'm not going to be here when market opens.

the thing is that directors never lose, there is essentially no requirement for commitment to shareholders.
most of the time it is a vehicle for directors to extract funds from the company generously supplied by sucker shareholders.
perhaps it would be a different story if the directors personal assets became partly liable in the event of admin.
their fees, essentially, are not even performance based.

from what i have read about allco, it is a very different company than centro regarding assets and revenue.
have got no idea if centro will survive.
management aren't very forthcomming.
there is still the issue of a dedt for equity swap
gawd knows what that would result in, as the banks would be dictating the terms.
perhaps they could get a loan from the bank of japan, their interest rate is very low.

this could stifle the oz economy somewhat as there will be fewer people buying into ipo's of companies that might be seen to have balooning startup debt, and a mass exodus from companies that already do (i think that one has already happened)

not reading any juro articles for a while, as they love to kick a man when he's down.