ABS a.b.c. learning centres limited

The Directors are worth millions, why did they not support the...

  1. 1,018 Posts.
    The Directors are worth millions, why did they not support the share price by offering alternative collateral to avoid margin calls? By the way Kemp started selling long ago. Please read the ann from the company.

    This fiasco is a disaster for the banks. The syndicate facility was put in place in December and has come undone in February...... oh dear!!! The four pillars standing strong together:

    http://www.aspectfinancial.com.au/docserver/00796531.pdf?fileid=00796531&datedir=20071218&edt=MjAwOC0wMi0yOCsyMDoyNDoyOSs0ODArMzE3MjMrYW5kcmV3d2VzdCtyZWRpcmVjdCtodHRwOi8vd3d3LmFzcGVjdGZpbmFuY2lhbC5jb20uYXUvaW1hZ2VzaWduYWwvZXJyb3JwYWdlcy9wZGZ0aW1lb3V0Lmh0bWwraHR0cDovL3d3dy5hc3BlY3RmaW5hbmNpYWwuY29tLmF1L2ltYWdlc2lnbmFsL2Vycm9ycGFnZXMvcGRmZGVsYXllZC5qc3A=


    Goes to show how well banks control credit. More pain for the banks.... what worries me more is that could the banks be sitting on more TNT?

    DYOR.
 
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