Do u think that he would also be in discussions with the banks letting them know what he was going to announce to the market?
Its difficult to believe anything that is coming from not just Oz but the majority of companies these days.
Recent CBA issues are a prime example.
Pennyless seems to be indicating that the banks are going to assist as best they can through this period as they definitely do not want a forced liquidation.
A forced liquidation would mean that banks would simply lose more trust and people organisations ect. To much of this by the banks and people would simply start hoarding cash under the beds as someone posted earlier.
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