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There are a couple of very damaging articles in today Melbourne...

  1. Ocker
    10,373 Posts.
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    22/11/07
    08:00
    Post #: 3031404
    There are a couple of very damaging articles in today Melbourne Herald-Sun.
    In essence suggesting that if RHG cannot refinance their borrowings then the underlying loans will revert to NAB and ABN-Amro. Leaving RHG with no economic value for the loans, but the liability to continue paying the trail commissions.
    Translated means RHG would have no (or minimal) income and the outgoings for loans they no longer have.
    Does not look good.
    RHG Price at posting: 0.0¢ Sentiment: Sell Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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