talking of pitfalls... I guess the Anchorage guys have got a lesson now - maybe from the Arnold Bloch Leibler insolvency practitioners- on the precarious status of their security ( over the Australian assets).
Can the charge available to the chargee NAB? in the Australian loan syndicate be readily assigned to Anchorage ?. I guess they've worked out now...no.
They will have to go to court to obtain that . That will give the SGH management plenty of time to rally the troops and stage their own insurrection .
It aint like Dick Smith where the chargee simply signs the instrument of appointment ( of Receiver).
bought more sgh at 11.5 today
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