BDL in refinancing talks with CBA.Whilst announced to the market...

BDL in refinancing talks with CBA.

Whilst announced to the market on Friday, that they were in discussion with the Bank.

These type of discussions take longer than expected, and are not usually rapped up in a day or two.
Normally this would take considerably longer.

What is difficult to comprehend, is why a profitable company like BDL ( last half was profitable), is talking about cutting cash-burn rates. Last announcement stated that some overseas offices were closed and staff at head office took a hair cut in pay.

And how is that CBA ( their banker and a substantial shareholder) has been a recent seller of shares, with their knowledge of the companies position as banker that is not available in the broader market.


I hold BDL.