banking facility negotiations, page-3

Their loan is currently not up for renewal. This is merely a time when the bank can see how the previous year has gone and whether CQU have the ability to continue to furnish the debt.

With the qtrly due out today, we should be able to see how CQU are doing. I know things won't be all that great considering, but this year they have managed to put back into the loan more than was required (due to the issuance of shares to CWL investments). This should not be a problem, unless the bank wants to make it a problem. We always knew they had a high level of debt, that is why the shareprice is so depressed. I don't think ANZ will have any concerns after only 1 year in operation (on the asx).

These are just my thoughts...