good to hear from you Relaxan, -- yes you were right the swaps black hole is huge and the income was a shocker but the debt level came out at about my calculations.
The issue of carried asset values is interesting , if they are all up for sale should not they be written down if there is no offer close to to book value?
On the other hand it does not sound like there is a reasonable offer on the table as they are considering a longer term work through. I wonder if Rolfe can really earn his money and make this work?
good to hear from you Relaxan, -- yes you were right the swaps...
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