researcher100
If I was a OCV holder the longer it stays suspended the better.
The key to all of this is PIF/NZ/L and L which is all intertwined.
As I said before with the forthcoming sale of Gold Coast building thats another swag of debt paid off.
Its coming down to about $200 million in net debt with Stella and bits and pieces like child care L and L interest etc.
Then you have committments to PIF and NZ.
Fix PIF by having a source of new funds and a work out and second mtgee (NZ) has a potential to also be repaid. Put a solution in place for L and L and OCV gets to keep management rights and OCV 20% interest starts to have value.
I think if you go through it the bits and pieces if made sense as a going concern would almost match final 200 million in debt.
Net asset would be interest in Stella
It can be done as others thought they could do it so I hope OCV/WC have it together.
OCV
octaviar limited
