hello again.yes,you are correct.the amts they have requested for refinancing is over the top.the good news i speak of,is the company being able to continue trading as a going concern,rather than we,the stakeholders,being wiped out.this company has always paid its lenders,and would not be in breach of the covenents,if the euro property value did not crash.the other issue is the australian dollar is that high,that it is affecting the co bottom line.the latest news states that the dollar will deflate,which will help.now that the co has some time on its hands,and reports state that euro property values are on the way up,combined with the sale programm,apn not charging management fees,and other charges,there is a strong chance that we could all benefit in time.look at cer.they were,and to a certian extent,are still in financial trouble,and there shares are around the 35c at the moment.they too were LOW.take care.
AEZ Price at posting:
1.3¢ Sentiment: Hold Disclosure: Held
