The fact Directors have not seen it necessary to make any provisions, and are confident full recovery will be made by year end should mean something? If for any reason they should become "bad debts", then the Directors will have a lot to answer for - to both shareholders and ASIC alike. The fact they are held in the name of the mortgage trust (and not CIY themselves) should also insulate CIY as for the best I know CIY do not guarantee the mortgage trust (but if I am wrong then I stand corrected)
CIY Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
