"If they can't pay their bills you can say hello to a firesale...

"If they can't pay their bills you can say hello to a firesale (forced liquidation) of assets."

In the good old days before the financial crisis BBI would have either rasied equity or refinanced to meet current debt obligations that were maturing. The gap you are taking about is primarily maturing debt.

The 50% sale of Powerco has already gone a long way to meeting this debt. The deferral of dividends and EPS dividends preserves cash flow to meet these debts.

As continually contained in the BBI posts, BBI requires to sell an asset or two to reduce corporate debt to ensure survival.

It a new world and debt is the ugly word.

That is the risk, believe management can achieve the sales you get upside. No sales vey dodgy.

If you read the whole of the posts other people have explianed this better than me.