peterm
agreed, the enthusiasm a couple of days ago on high volume of a finance deal has evaporated and returned to doom and (some) gloom - ie. the market expectation of a good outcome is not good.
my observations fwiw:
today being the 26th Sep, ADY would not have delayed clinching and announcing the $10m loan/income/lottery win to payback the hawkswood loan - if they could have helped it.
so, they are struggling to get the money (or trying to stare down the circling vultures).
Furthermore, it would not do ADY credit worthiness and business standing any good if they had to rely on a legislated 21/28 day grace period on a loan default to avoid receivership.
All points to ADY being in a tough corner - irrespective of pt's posturing re multiple assets, no debt, sound position etc...
even if there was a ship now being loaded, ady still wouldn't get the money in time to pay by 30th Sep - and using the grace period thereafter is absolutely an absolute last resort not taken up willingly.
so, i continue to hold........ (schmuck comes to mind)
ob2
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