Firstly RSK said in the announcement that the Term Sheet was "credit approved"
Secondly the accounts in the half year report were prepared on a "going concern" basis because the directors
thought (I read that as knew) that loan funds were forthcoming.
For the company law people out there I have a question. By stating that in the report, would that not expose the directors
to personal liability in the event that the statement was not correct? That being the case they would not say that unless they
were sure of their ground?
Anyway I took that as confirmation that the bridging credit was pretty well sorted and the only stuff to be agreed were some
terms for the further $30M.
Any thoughts from others?
Cheers
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